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Sectors & IndustriesHealthcare
Best Healthcare Stocks to Buy Now (2024)
Top healthcare stocks in 2024 ranked by overall Zen Score. See the best healthcare stocks to buy now, according to analyst forecasts for the healthcare sector.

Sector: Healthcare
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
NASDAQ
Biotechnology
$1.82B$32.04-1.90%$237.47M13.63x0.64
CORT
CORCEPT THERAPEUTICS INC
NASDAQ
Biotechnology
$3.53B$33.881.77%$122.89M29.46x0.20
NBIX
NEUROCRINE BIOSCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$14.66B$145.691.08%$497.00M38.64x0.46
SMLR
SEMLER SCIENTIFIC INC
NASDAQ
Medical Devices
$236.92M$33.531.09%$25.91M10.48x0.08
AMPH
AMPHASTAR PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.94B$39.61-0.35%$248.86M12.38x1.34
HALO
HALOZYME THERAPEUTICS INC
NASDAQ
Biotechnology
$6.88B$54.04-0.48%$495.45M22.06x9.36
PEN
PENUMBRA INC
NYSE
Medical Devices
$7.36B$189.87-0.49%$113.83M78.46x0.31
EXEL
EXELIXIS INC
NASDAQ
Biotechnology
$6.58B$22.600.18%$312.76M35.31x0.32
SRTS
SENSUS HEALTHCARE INC
NASDAQ
Medical Devices
$98.36M$6.001.52%$6.95M20.69x0.12
CPRX
CATALYST PHARMACEUTICALS INC
NASDAQ
Biotechnology
$2.00B$16.941.32%$122.26M28.23x0.15
MOH
MOLINA HEALTHCARE INC
NYSE
Healthcare Plans
$16.90B$288.360.22%$1.72B15.55x2.45
PGNY
PROGYNY INC
NASDAQ
Health Information Services
$2.65B$27.79-0.82%$76.22M42.75x0.39
UTHR
UNITED THERAPEUTICS CORP
NASDAQ
Biotechnology
$14.60B$329.160.15%$1.49B14.72x0.22
ADUS
ADDUS HOMECARE CORP
NASDAQ
Medical Care Facilities
$1.95B$118.82-0.34%$111.93M28.98x0.40
COLL
COLLEGIUM PHARMACEUTICAL INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.06B$32.360.84%$358.62M11.52x4.02
MDXG
MIMEDX GROUP INC
NASDAQ
Biotechnology
$1.06B$7.16-1.78%$50.76M13.77x0.42
NVO
NOVO NORDISK A S
NYSE
Biotechnology
$593.25B$131.541.19%$17.67B45.78x2.02
KNSA
KINIKSA PHARMACEUTICALS INTERNATIONAL PLC
NASDAQ
Biotechnology
$1.51B$21.230.33%-$16.36M176.92x0.20
INCY
INCYTE CORP
NASDAQ
Biotechnology
$14.79B$65.870.76%$1.11B19.78x0.32
JNJ
JOHNSON & JOHNSON
NYSE
Drug Manufacturers - General
$372.29B$154.69-0.47%$49.47B10.14x1.46
ZBH
ZIMMER BIOMET HOLDINGS INC
NYSE
Medical Devices
$22.73B$110.50-0.80%$2.16B23.81x0.70
IRMD
IRADIMED CORP
NASDAQ
Medical Devices
$572.42M$45.20-0.83%$23.44M31.83x0.16
PCRX
PACIRA BIOSCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$901.60M$19.37-4.20%$190.25M12.74x0.78
SLP
SIMULATIONS PLUS INC
NASDAQ
Health Information Services
$791.11M$39.54-4.40%$16.11M80.69x0.07
FENC
FENNEC PHARMACEUTICALS INC
NASDAQ
Biotechnology
$174.59M$6.390.79%$8.10M71.00x21.96
DXCM
DEXCOM INC
NASDAQ
Medical Devices
$44.41B$111.660.87%$991.00M67.67x1.89
CCRN
CROSS COUNTRY HEALTHCARE INC
NASDAQ
Medical Care Facilities
$529.96M$15.240.86%$90.52M11.55x0.39
REGN
REGENERON PHARMACEUTICALS INC
NASDAQ
Biotechnology
$117.19B$1,063.60-0.34%$4.55B29.45x0.27
VMD
VIEMED HEALTHCARE INC
NASDAQ
Medical Devices
$264.37M$6.81-3.95%$38.50M25.22x0.33
TGTX
TG THERAPEUTICS INC
NASDAQ
Biotechnology
$3.25B$21.00-1.08%$53.85M72.41x1.33
LLY
ELI LILLY & CO
NYSE
Drug Manufacturers - General
$814.94B$857.471.01%$9.13B125.73x3.98
WST
WEST PHARMACEUTICAL SERVICES INC
NYSE
Medical Instruments & Supplies
$23.16B$317.920.50%$833.50M41.45x0.34
ROIV
ROIVANT SCIENCES LTD
NASDAQ
Biotechnology
$8.13B$11.00-0.99%$4.43B1.98x0.13
RMD
RESMED INC
NYSE
Medical Instruments & Supplies
$29.84B$203.15-0.36%$1.46B31.16x0.47
BRKR
BRUKER CORP
NASDAQ
Medical Devices
$8.99B$61.89-1.01%$633.70M22.51x2.16
ANIP
ANI PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.30B$62.191.37%$128.31M38.39x0.97
PODD
INSULET CORP
NASDAQ
Medical Devices
$13.66B$195.030.04%$349.50M58.22x2.32
INMD
INMODE LTD
NASDAQ
Medical Devices
$1.50B$17.69-1.39%$199.66M8.15x0.09
SRPT
SAREPTA THERAPEUTICS INC
NASDAQ
Biotechnology
$13.76B$145.611.27%$91.13M355.15x2.36
ELV
ELEVANCE HEALTH INC
NYSE
Healthcare Plans
$115.97B$500.12-0.91%$11.17B17.41x1.68
NSYS
NORTECH SYSTEMS INC
NASDAQ
Medical Devices
$39.70M$14.401.91%$8.08M5.65x1.10
BMRN
BIOMARIN PHARMACEUTICAL INC
NASDAQ
Biotechnology
$15.97B$84.090.90%$359.85M77.15x0.36
SIGA
SIGA TECHNOLOGIES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$663.57M$9.332.98%$102.76M8.48x0.47
RPRX
ROYALTY PHARMA PLC
NASDAQ
Biotechnology
$16.81B$28.14-0.67%$983.33M15.72x0.64
ASTH
ASTRANA HEALTH INC
NASDAQ
Medical Care Facilities
$2.76B$49.330.94%$143.94M37.37x1.18
PBYI
PUMA BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$176.55M$3.66-1.08%$41.45M11.09x3.20
LNTH
LANTHEUS HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$8.10B$116.790.91%$674.08M17.33x0.94
ZYXI
ZYNEX INC
NASDAQ
Medical Distribution
$320.93M$10.10-1.85%$17.98M45.91x2.81
STRR
STAR EQUITY HOLDINGS INC
NASDAQ
Diagnostics & Research
$14.64M$4.62-5.91%$23.44M0.64x0.14
PTGX
PROTAGONIST THERAPEUTICS INC
NASDAQ
Biotechnology
$2.09B$35.55-0.45%$168.74M13.31x0.12
ALGN
ALIGN TECHNOLOGY INC
NASDAQ
Medical Devices
$18.94B$251.600.38%$839.46M41.38x0.64
KMDA
KAMADA LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$332.23M$5.78-0.86%$26.45M23.12x0.39
RDY
DR REDDYS LABORATORIES LTD
NYSE
Drug Manufacturers - Specialty & Generic
$13.03B$78.12-1.15%$1.06B19.45x0.38
COR
CENCORA INC
NYSE
Medical Distribution
$44.60B$223.60-0.05%$2.97B24.20x57.83
UTMD
UTAH MEDICAL PRODUCTS INC
NASDAQ
Medical Instruments & Supplies
$246.67M$69.91-1.54%$25.06M15.50x0.06
MDT
MEDTRONIC PLC
NYSE
Medical Devices
$101.91B$79.48-2.13%$8.18B28.69x0.79
MCK
MCKESSON CORP
NYSE
Medical Distribution
$75.41B$580.130.29%$4.75B25.74x-35.03
HSIC
HENRY SCHEIN INC
NASDAQ
Medical Distribution
$9.01B$70.34-0.47%$873.00M23.53x1.42
GMAB
GENMAB A
NASDAQ
Biotechnology
$18.35B$27.751.87%N/A23.11x0.13
CAH
CARDINAL HEALTH INC
NYSE
Medical Distribution
$23.15B$95.03-0.28%$1.70B41.68x-15.05
BIIB
BIOGEN INC
NASDAQ
Drug Manufacturers - General
$32.96B$226.400.51%$1.85B28.12x0.75
ABT
ABBOTT LABORATORIES
NYSE
Medical Devices
$177.49B$102.031.96%$10.41B31.59x0.86
CNC
CENTENE CORP
NYSE
Healthcare Plans
$35.35B$66.240.84%$5.67B13.04x2.06
AZN
ASTRAZENECA PLC
NASDAQ
Drug Manufacturers - General
$244.03B$78.710.83%$14.25B38.49x1.73
LGND
LIGAND PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.79B$99.760.81%$158.80M18.30x0.13
SNY
SANOFI
NASDAQ
Drug Manufacturers - General
$128.05B$50.620.52%$14.09B21.85x0.70
ENZ
ENZO BIOCHEM INC
NYSE
Diagnostics & Research
$58.66M$1.140.88%$44.83M1.24x0.35
OPCH
OPTION CARE HEALTH INC
NASDAQ
Medical Care Facilities
$5.27B$30.331.81%$495.02M19.82x1.27
VRTX
VERTEX PHARMACEUTICALS INC
NASDAQ
Biotechnology
$126.85B$491.570.71%$5.01B31.55x0.29
ALC
ALCON INC
NYSE
Medical Instruments & Supplies
$44.50B$90.010.01%$2.36B42.46x0.42
EW
EDWARDS LIFESCIENCES CORP
NYSE
Medical Devices
$52.07B$86.500.80%$1.81B37.12x0.36
MEIP
MEI PHARMA INC
NASDAQ
Biotechnology
$19.06M$2.860.00%$28.01M0.73x0.40
ZTS
ZOETIS INC
NYSE
Drug Manufacturers - Specialty & Generic
$81.49B$178.58-0.36%$3.72B34.41x1.84
GSK
GSK PLC
NYSE
Drug Manufacturers - General
$79.57B$39.35-0.03%$7.29B14.42x3.27
BSX
BOSTON SCIENTIFIC CORP
NYSE
Medical Devices
$114.03B$77.562.66%$3.64B64.63x0.83
SCYX
SCYNEXIS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$80.47M$2.131.91%$104.31M1.00x0.60
LMAT
LEMAITRE VASCULAR INC
NASDAQ
Medical Instruments & Supplies
$1.93B$86.201.04%$53.80M56.34x0.15
ICLR
ICON PLC
NASDAQ
Diagnostics & Research
$27.26B$329.700.58%$1.62B39.72x0.81
GMED
GLOBUS MEDICAL INC
NYSE
Medical Devices
$9.81B$72.630.97%$263.79M123.10x0.26
PRVA
PRIVIA HEALTH GROUP INC
NASDAQ
Health Information Services
$2.29B$19.170.37%$25.81M112.76x0.71
DVAX
DYNAVAX TECHNOLOGIES CORP
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.34B$10.25-1.63%$22.19M146.43x0.60
VREX
VAREX IMAGING CORP
NASDAQ
Medical Devices
$568.00M$14.20-1.66%$94.50M13.65x1.15
SEM
SELECT MEDICAL HOLDINGS CORP
NYSE
Medical Care Facilities
$4.95B$38.08-0.26%$773.70M18.13x4.53
CI
CIGNA GROUP
NYSE
Healthcare Plans
$95.40B$335.84-1.37%$8.19B27.26x2.71
ATR
APTARGROUP INC
NYSE
Medical Instruments & Supplies
$9.67B$145.94-0.23%$700.23M30.66x0.88
HCM
HUTCHMED (CHINA) LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$3.30B$18.94-1.30%N/A31.57x0.73
HQY
HEALTHEQUITY INC
NASDAQ
Health Information Services
$6.38B$73.38-5.68%$303.50M78.90x0.55
ITCI
INTRA-CELLULAR THERAPIES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$7.90B$74.86-0.11%-$109.36M-64.53x0.25
KRYS
KRYSTAL BIOTECH INC
NASDAQ
Biotechnology
$5.82B$203.661.41%$65.04M102.86x0.07
MEDP
MEDPACE HOLDINGS INC
NASDAQ
Diagnostics & Research
$13.05B$421.31-0.63%$405.89M41.43x1.67
ORMP
ORAMED PHARMACEUTICALS INC
NASDAQ
Biotechnology
$103.60M$2.551.19%$9.81M9.81x0.23
HCSG
HEALTHCARE SERVICES GROUP INC
NASDAQ
Medical Care Facilities
$846.20M$11.49-1.12%$79.07M20.16x0.69
BNOX
BIONOMICS LIMITED
NASDAQ
Biotechnology
$9.71M$0.841.33%N/A0.03x0.34
OCUP
OCUPHIRE PHARMA INC
NASDAQ
Biotechnology
$51.59M$1.992.58%-$11.28M-4.15x0.13
SPRO
SPERO THERAPEUTICS INC
NASDAQ
Biotechnology
$75.58M$1.40-1.41%$26.26M3.18x0.74
CNMD
CONMED CORP
NYSE
Medical Devices
$2.19B$70.96-0.88%$159.11M26.38x1.70
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
NASDAQ
Medical Devices
$294.18M$12.380.57%$24.30M10.23x0.41
DGX
QUEST DIAGNOSTICS INC
NYSE
Diagnostics & Research
$16.22B$146.01-0.57%$1.70B19.39x1.16
FORA
FORIAN INC
NASDAQ
Health Information Services
$78.16M$2.510.40%$4.45M22.82x1.17
DOCS
DOXIMITY INC
NYSE
Health Information Services
$5.23B$28.222.28%$197.54M36.18x0.20

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
672-0.08%-1.77%+8.23%-15.87%-18.27x6.22x+17.78%+3.58%-30.72%+76.34%Strong Buy
63-0.60%-1.36%-1.03%-0.50%37.68x4.06x-12.79%+6.17%+11.13%+11.30%Buy
18+0.48%-3.76%+0.40%+26.02%34.54x6.62x+34.60%+8.24%+14.25%+9.79%Buy
85+0.28%-0.89%+7.43%-2.65%-3.43x2.25x+13.75%+4.33%+7.41%+29.91%Strong Buy
11-0.38%+0.84%+2.42%+2.08%27.12x3.12x+15.30%+4.78%+11.79%+15.48%Buy
62-0.54%+0.54%-0.17%-36.63%-3.20x2.97x+7.03%+2.35%+5.97%+33.29%Buy
50-0.16%+0.30%+2.79%+6.01%49.77x4.66x-90.32%+6.52%+13.47%+17.29%Buy
145+0.20%+0.38%+2.53%-22.38%30.13x3.87x+6.74%+5.08%+8.30%+24.77%Buy
10+0.02%+1.29%-3.79%+21.14%26.94x105.25x-13.44%+3.47%+19.80%+13.96%Buy
56+1.04%-0.11%+1.87%-10.45%55.70x3.71x+11.33%+7.94%+10.25%+21.58%Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in Jul 2024?

According to Zen Score, the 3 best healthcare stocks to buy right now are:

1. Harmony Biosciences Holdings (NASDAQ:HRMY)


Harmony Biosciences Holdings (NASDAQ:HRMY) is the top healthcare stock with a Zen Score of 72, which is 47 points higher than the healthcare sector average of 25. It passed 24 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -9.9% over the past year, underperforming other healthcare stocks by -1 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $47.25, an upside of 47.47% from Harmony Biosciences Holdings's current stock price of $32.04.

Harmony Biosciences Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Harmony Biosciences Holdings, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the second best healthcare stock with a Zen Score of 69, which is 44 points higher than the healthcare sector average of 25. It passed 23 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 46.86% over the past year, overperforming other healthcare stocks by 56 percentage points.

Corcept Therapeutics has an average 1 year price target of $46.67, an upside of 37.74% from Corcept Therapeutics's current stock price of $33.88.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Neurocrine Biosciences (NASDAQ:NBIX)


Neurocrine Biosciences (NASDAQ:NBIX) is the third best healthcare stock with a Zen Score of 69, which is 44 points higher than the healthcare sector average of 25. It passed 23 out of 33 due diligence checks and has strong fundamentals. Neurocrine Biosciences has seen its stock return 48.89% over the past year, overperforming other healthcare stocks by 58 percentage points.

Neurocrine Biosciences has an average 1 year price target of $165.50, an upside of 13.6% from Neurocrine Biosciences's current stock price of $145.69.

Neurocrine Biosciences stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Neurocrine Biosciences, 56.25% have issued a Strong Buy rating, 25% have issued a Buy, 18.75% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the healthcare stocks with highest dividends?

Out of 67 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Spok Holdings (NASDAQ:SPOK)


Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 7.77%, which is 6 percentage points higher than the healthcare sector average of 2%. Spok Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Spok Holdings's dividend has shown consistent growth over the last 10 years.

Spok Holdings's dividend payout ratio of 148.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 6.43%, which is 4 percentage points higher than the healthcare sector average of 2%.

Siga Technologies's dividend payout ratio of 95.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. National Research (NASDAQ:NRC)


National Research (NASDAQ:NRC) has an annual dividend yield of 6.29%, which is 4 percentage points higher than the healthcare sector average of 2%. National Research's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. National Research's dividend has not shown consistent growth over the last 10 years.

National Research's dividend payout ratio of 118.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down 0% in the last day, and down -0.89% over the last week. Silo Pharma was the among the top losers in the healthcare sector, dropping -29.11% yesterday.

Silo Pharma shares are trading lower after the company announced a $2.1 million registered direct offering of 763,638 million shares of its Common Stock at $2.75 per share.

What are the most undervalued healthcare stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare stocks right now are:

1. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Semler Scientific has a valuation score of 100, which is 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Semler Scientific's stock has gained 26.34% in the past year. It has overperformed other stocks in the healthcare sector by 35 percentage points.

2. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 100, which is 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -9.4% in the past year. It has performed in line with other stocks in the healthcare sector.

3. Collegium Pharmaceutical (NASDAQ:COLL)


Collegium Pharmaceutical (NASDAQ:COLL) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Collegium Pharmaceutical has a valuation score of 86, which is 71 points higher than the healthcare sector average of 15. It passed 6 out of 7 valuation due diligence checks.

Collegium Pharmaceutical's stock has gained 48.92% in the past year. It has overperformed other stocks in the healthcare sector by 58 percentage points.

Are healthcare stocks a good buy now?

53.29% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.83% over the next year.

What is the average p/e ratio of the healthcare sector?

The average P/E ratio of the healthcare sector is 23.3x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.