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Sectors & IndustriesHealthcare
Best Healthcare Stocks to Buy Now (2023)
Top healthcare stocks in 2023 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
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
NASDAQ
Biotechnology
$613.57M$22.96-4.29%$94.16M6.11x0.63
INMD
INMODE LTD
NASDAQ
Medical Devices
$1.98B$23.62-4.33%$221.68M10.83x0.10
VYGR
VOYAGER THERAPEUTICS INC
NASDAQ
Biotechnology
$327.33M$7.44-1.06%$55.06M5.59x0.67
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
NASDAQ
Biotechnology
$1.90B$32.383.62%$214.02M12.85x0.62
SMLR
SEMLER SCIENTIFIC INC
NASDAQ
Medical Devices
$288.06M$41.912.90%$25.81M14.35x0.12
BMY
BRISTOL MYERS SQUIBB CO
NYSE
Drug Manufacturers - General
$102.21B$50.230.50%$18.42B12.65x2.15
VTRS
VIATRIS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$11.53B$9.61-0.72%$6.07B6.32x1.34
GMAB
GENMAB A
NASDAQ
Biotechnology
$20.67B$31.29-3.04%N/A33.43x0.13
AMLX
AMYLYX PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.00B$14.882.90%$6.67M372.00x0.12
JNJ
JOHNSON & JOHNSON
NYSE
Drug Manufacturers - General
$381.67B$158.55-0.21%$45.51B11.65x1.33
ZYME
ZYMEWORKS INC
NASDAQ
Biotechnology
$630.72M$9.01-2.38%$236.66M2.78x0.31
GILD
GILEAD SCIENCES INC
NASDAQ
Drug Manufacturers - General
$98.46B$79.020.87%$10.74B16.78x1.80
OSUR
ORASURE TECHNOLOGIES INC
NASDAQ
Medical Instruments & Supplies
$541.58M$7.371.10%$72.22M11.17x0.13
PODD
INSULET CORP
NASDAQ
Medical Devices
$13.35B$191.14-1.47%$217.70M111.13x3.06
STAA
STAAR SURGICAL CO
NASDAQ
Medical Instruments & Supplies
$1.50B$30.80-4.61%$27.90M75.12x0.25
INCY
INCYTE CORP
NASDAQ
Biotechnology
$12.29B$54.82-0.25%$725.40M29.01x0.30
CPRX
CATALYST PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.52B$14.25-5.38%$105.42M24.15x0.19
SWAV
SHOCKWAVE MEDICAL INC
NASDAQ
Medical Devices
$6.51B$176.35-1.00%$180.36M26.20x1.45
NBIX
NEUROCRINE BIOSCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$11.65B$118.541.72%$276.40M60.48x0.42
MEIP
MEI PHARMA INC
NASDAQ
Biotechnology
$43.44M$6.522.35%$42.99M1.05x0.24
CNC
CENTENE CORP
NYSE
Healthcare Plans
$40.07B$75.011.32%$5.69B16.67x2.33
PGNY
PROGYNY INC
NASDAQ
Health Information Services
$3.39B$35.350.45%$57.54M63.13x0.41
CI
CIGNA GROUP
NYSE
Healthcare Plans
$75.43B$257.78-1.95%$10.91B14.35x2.27
FBIO
FORTRESS BIOTECH INC
NASDAQ
Biotechnology
$23.88M$2.672.30%-$51.99M0.62x9.82
MDT
MEDTRONIC PLC
NYSE
Medical Devices
$104.80B$78.82-1.18%$8.80B25.59x0.75
CVS
CVS HEALTH CORP
NYSE
Healthcare Plans
$91.40B$71.023.71%$15.13B10.68x2.38
SCYX
SCYNEXIS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$63.25M$1.70-2.30%$77.24M1.12x0.62
UTHR
UNITED THERAPEUTICS CORP
NASDAQ
Biotechnology
$11.29B$240.310.15%$1.27B12.46x0.23
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
NASDAQ
Biotechnology
$1.31B$5.21-3.16%$109.46M28.94x2.65
SPOK
SPOK HOLDINGS INC
NASDAQ
Health Information Services
$296.32M$14.83-12.25%$25.91M8.02x0.37
AZN
ASTRAZENECA PLC
NASDAQ
Drug Manufacturers - General
$198.30B$64.01-1.55%$13.86B33.60x1.58
SDGR
SCHRODINGER INC
NASDAQ
Health Information Services
$2.28B$31.60-2.05%$60.63M50.97x0.41
COR
CENCORA INC
NYSE
Medical Distribution
$40.89B$203.73-0.01%$2.82B23.63x118.57
DXCM
DEXCOM INC
NASDAQ
Medical Devices
$45.28B$117.20-0.88%$748.00M119.59x1.91
PFE
PFIZER INC
NYSE
Drug Manufacturers - General
$164.25B$29.09-0.65%$16.53B15.72x1.22
HALO
HALOZYME THERAPEUTICS INC
NASDAQ
Biotechnology
$5.27B$39.90-0.52%$407.33M20.89x6.60
LMAT
LEMAITRE VASCULAR INC
NASDAQ
Medical Instruments & Supplies
$1.20B$54.01-1.01%$45.32M43.91x0.16
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
NASDAQ
Medical Devices
$307.35M$13.08-4.39%$17.42M12.00x0.60
OCUP
OCUPHIRE PHARMA INC
NASDAQ
Biotechnology
$63.16M$2.79-3.46%$29.08M1.91x0.08
BMRN
BIOMARIN PHARMACEUTICAL INC
NASDAQ
Biotechnology
$17.63B$93.61-0.84%$268.62M121.57x0.38
TXMD
THERAPEUTICSMD INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$26.33M$2.49-1.97%$35.49M0.33x0.80
GMED
GLOBUS MEDICAL INC
NYSE
Medical Devices
$6.25B$45.34-2.09%$264.97M28.88x0.28
PINC
PREMIER INC
NASDAQ
Health Information Services
$2.48B$20.73-1.94%$391.69M13.91x0.64
SLP
SIMULATIONS PLUS INC
NASDAQ
Health Information Services
$776.00M$38.920.26%$15.54M77.84x0.10
COLL
COLLEGIUM PHARMACEUTICAL INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$862.23M$26.440.99%$245.39M101.69x5.58
EXEL
EXELIXIS INC
NASDAQ
Biotechnology
$6.80B$21.87-2.50%$176.05M78.11x0.27
VEEV
VEEVA SYSTEMS INC
NYSE
Health Information Services
$28.59B$177.96-0.59%$546.61M51.88x0.26
MOH
MOLINA HEALTHCARE INC
NYSE
Healthcare Plans
$21.40B$367.000.39%$1.54B22.70x2.83
JYNT
JOINT CORP
NASDAQ
Medical Care Facilities
$133.82M$9.07-2.05%$9.81M100.78x1.80
ENZ
ENZO BIOCHEM INC
NYSE
Diagnostics & Research
$62.61M$1.24-1.59%$24.09M3.02x0.55
VNDA
VANDA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$227.83M$3.962.86%$20.13M18.86x0.18
UTMD
UTAH MEDICAL PRODUCTS INC
NASDAQ
Medical Instruments & Supplies
$296.64M$81.73-2.92%$27.74M17.54x0.06
ADUS
ADDUS HOMECARE CORP
NASDAQ
Medical Care Facilities
$1.49B$91.700.25%$98.81M25.40x0.51
KMDA
KAMADA LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$216.99M$4.841.89%$20.54M34.57x0.41
PEN
PENUMBRA INC
NYSE
Medical Devices
$8.53B$220.91-3.34%$75.12M208.41x0.33
ORGO
ORGANOGENESIS HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$357.83M$2.71-1.09%$44.27M27.10x0.67
MMSI
MERIT MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$3.78B$65.53-11.37%$221.52M37.66x0.47
QLI
QILIAN INTERNATIONAL HOLDING GROUP LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$16.09M$0.45-0.44%$2.67M11.25x0.18
PDEX
PRO DEX INC
NASDAQ
Medical Instruments & Supplies
$56.92M$16.05-1.26%$8.78M10.56x0.59
ANIP
ANI PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.02B$49.96-0.22%$102.95M94.26x1.01
HCSG
HEALTHCARE SERVICES GROUP INC
NASDAQ
Medical Care Facilities
$734.06M$9.94-1.49%$63.43M22.59x0.70
SEM
SELECT MEDICAL HOLDINGS CORP
NYSE
Medical Care Facilities
$2.98B$23.28-2.47%$706.26M13.15x4.84
RGEN
REPLIGEN CORP
NASDAQ
Medical Instruments & Supplies
$8.63B$154.55-4.30%$192.28M74.30x0.26
SNY
SANOFI
NASDAQ
Drug Manufacturers - General
$115.84B$46.34-1.45%$16.76B11.99x0.72
LNTH
LANTHEUS HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$4.98B$72.67-4.81%$170.77M47.50x1.18
AMEH
APOLLO MEDICAL HOLDINGS INC
NASDAQ
Medical Care Facilities
$1.96B$33.66-3.50%$117.79M38.25x0.77
WST
WEST PHARMACEUTICAL SERVICES INC
NYSE
Medical Instruments & Supplies
$25.41B$343.47-2.11%$818.10M45.74x0.31
LGND
LIGAND PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.04B$59.61-0.43%$114.24M62.09x0.15
BRKR
BRUKER CORP
NASDAQ
Medical Devices
$9.11B$65.80-0.86%$525.20M30.32x2.15
AMGN
AMGEN INC
NASDAQ
Drug Manufacturers - General
$144.96B$270.87-0.61%$14.82B19.14x10.83
PBYI
PUMA BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$177.44M$3.73-1.84%$28.65M53.29x4.26
QGEN
QIAGEN NV
NYSE
Diagnostics & Research
$9.37B$41.07-1.06%$840.36M19.37x0.60
MRKR
MARKER THERAPEUTICS INC
NASDAQ
Biotechnology
$24.98M$2.810.18%-$8.33M-2.55x0.17
MD
PEDIATRIX MEDICAL GROUP INC
NYSE
Medical Care Facilities
$765.46M$9.11-0.87%$202.17M10.98x1.40
FONR
FONAR CORP
NASDAQ
Diagnostics & Research
$132.36M$19.370.99%$24.26M11.67x0.29
VMD
VIEMED HEALTHCARE INC
NASDAQ
Medical Devices
$305.99M$7.952.19%$33.42M33.13x0.37
DCGO
DOCGO INC
NASDAQ
Medical Care Facilities
$577.66M$5.56-9.89%$13.60M69.50x0.45
MGNX
MACROGENICS INC
NASDAQ
Biotechnology
$526.01M$8.480.36%$64.93M10.47x0.75
CRL
CHARLES RIVER LABORATORIES INTERNATIONAL INC
NYSE
Diagnostics & Research
$10.17B$198.34-1.13%$1.06B21.33x1.29
RMD
RESMED INC
NYSE
Medical Instruments & Supplies
$23.67B$160.95-0.36%$1.37B26.09x0.59
IRMD
IRADIMED CORP
NASDAQ
Medical Devices
$530.57M$42.09-0.45%$20.63M32.63x0.17
SPRO
SPERO THERAPEUTICS INC
NASDAQ
Biotechnology
$68.37M$1.294.88%$1.06M3.31x0.99
CCRN
CROSS COUNTRY HEALTHCARE INC
NASDAQ
Medical Care Facilities
$738.52M$21.01-4.72%$165.57M7.35x0.51
CORT
CORCEPT THERAPEUTICS INC
NASDAQ
Biotechnology
$2.73B$26.460.76%$100.07M30.07x0.29
RVTY
REVVITY INC
NYSE
Diagnostics & Research
$11.03B$89.35-2.63%$1.31B15.20x0.74
QTRX
QUANTERIX CORP
NASDAQ
Medical Devices
$892.78M$23.60-4.22%-$37.05M-23.14x0.21
ABT
ABBOTT LABORATORIES
NYSE
Medical Devices
$181.16B$104.35-0.80%$10.06B35.37x0.91
HQY
HEALTHEQUITY INC
NASDAQ
Health Information Services
$5.92B$69.02-0.06%$257.09M203.00x0.56
TFX
TELEFLEX INC
NYSE
Medical Instruments & Supplies
$10.69B$227.56-0.78%$798.64M26.49x0.74
HSIC
HENRY SCHEIN INC
NASDAQ
Medical Distribution
$9.08B$69.880.82%$886.00M20.49x1.29
PLX
PROTALIX BIOTHERAPEUTICS INC
NYSEMKT
Biotechnology
$113.08M$1.552.65%$15.89M11.07x1.29
TECH
BIO-TECHNE CORP
NASDAQ
Biotechnology
$10.18B$64.38-1.41%$404.85M41.27x0.38
ALGN
ALIGN TECHNOLOGY INC
NASDAQ
Medical Devices
$16.49B$215.35-1.94%$757.81M45.53x0.66
HAE
HAEMONETICS CORP
NYSE
Medical Instruments & Supplies
$4.17B$82.09-1.44%$260.97M32.45x1.25
QIPT
QUIPT HOME MEDICAL CORP
NASDAQ
Medical Devices
$196.06M$4.660.22%$29.18M582.50x1.18
OBIO
ORCHESTRA BIOMED HOLDINGS INC
NASDAQ
Biotechnology
$256.46M$7.18-1.85%-$48.35M0.98x0.46
PDCO
PATTERSON COMPANIES INC
NASDAQ
Medical Distribution
$2.46B$26.591.99%$388.86M12.85x1.74
STRR
STAR EQUITY HOLDINGS INC
NASDAQ
Diagnostics & Research
$19.47M$1.230.00%$29.21M0.65x0.18
CRSP
CRISPR THERAPEUTICS AG
NASDAQ
Biotechnology
$5.61B$70.60-1.27%-$339.57M-15.83x0.21
VERV
VERVE THERAPEUTICS INC
NASDAQ
Biotechnology
$737.62M$11.57-3.66%-$180.97M-3.76x0.33

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
701+0.12%+6.04%+6.68%-27.65%11.32x5.44x+12.75%+0.97%+16.00%+91.21%Strong Buy
67-1.14%+2.40%+8.34%-14.15%31.51x3.92x-47.72%+7.03%+11.47%+14.65%Buy
17-0.27%+1.53%-0.92%+1.27%43.29x5.36x+36.78%+8.86%+15.91%+14.03%Buy
96-0.53%+3.91%+4.69%-11.56%15.83x2.02x+10.36%+2.94%+6.58%+51.13%Buy
12+0.40%-0.58%+1.51%-8.77%20.31x3.16x+21.01%+6.35%+15.05%+13.93%Buy
66-2.16%+0.28%-0.51%-17.22%25.23x3.01x-3.63%-0.69%-0.46%+46.80%Buy
50-1.35%+1.86%+5.85%-8.27%11.62x4.18x-80.99%+6.18%+13.28%+20.52%Buy
157-1.41%+2.16%+6.92%-19.67%34.01x3.53x+8.38%+4.47%+7.10%+40.85%Buy
9+0.14%+0.21%+1.77%+14.56%47.52x153.64x+75.20%+3.68%+20.03%+3.89%Buy
57-2.03%+0.47%+1.38%-12.97%45.70x3.24x+10.52%+6.69%+9.68%+22.81%Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in Dec 2023?

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

1. Arcturus Therapeutics Holdings (NASDAQ:ARCT)


Arcturus Therapeutics Holdings (NASDAQ:ARCT) is the top healthcare stock with a Zen Score of 75, which is 48 points higher than the healthcare sector average of 27. It passed 24 out of 33 due diligence checks and has strong fundamentals. Arcturus Therapeutics Holdings has seen its stock return 29.94% over the past year, overperforming other healthcare stocks by 47 percentage points.

Arcturus Therapeutics Holdings has an average 1 year price target of $58.67, an upside of 155.52% from Arcturus Therapeutics Holdings's current stock price of $22.96.

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

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second best healthcare stock with a Zen Score of 71, which is 44 points higher than the healthcare sector average of 27. It passed 23 out of 33 due diligence checks and has strong fundamentals. Inmode has seen its stock lose -35.57% over the past year, underperforming other healthcare stocks by -19 percentage points.

Inmode has an average 1 year price target of $40.25, an upside of 70.41% from Inmode's current stock price of $23.62.

Inmode stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Inmode, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the third best healthcare stock with a Zen Score of 66, which is 39 points higher than the healthcare sector average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Voyager Therapeutics has seen its stock return 18.66% over the past year, overperforming other healthcare stocks by 36 percentage points.

Voyager Therapeutics has an average 1 year price target of $16.00, an upside of 115.05% from Voyager Therapeutics's current stock price of $7.44.

Voyager Therapeutics stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Voyager Therapeutics, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 79 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Healthcare Services Group (NASDAQ:HCSG)


Healthcare Services Group (NASDAQ:HCSG) has an annual dividend yield of N/A, which is N/A percentage points lower than the healthcare sector average of 5.87%. Healthcare Services Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Healthcare Services Group's dividend has shown consistent growth over the last 10 years.

Healthcare Services Group's dividend payout ratio of 48.9% indicates that its dividend yield is sustainable for the long-term.

2. Kineta (NASDAQ:KA)


Kineta (NASDAQ:KA) has an annual dividend yield of 230.12%, which is 224 percentage points higher than the healthcare sector average of 5.87%.

Kineta's dividend payout ratio of -16,683.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Medigus (NASDAQ:MDGS)


Medigus (NASDAQ:MDGS) has an annual dividend yield of 27.96%, which is 22 percentage points higher than the healthcare sector average of 5.87%.

Medigus's dividend payout ratio of -9.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down -0.72% in the last day, and up 2.78% over the last week. Ibio was the among the top losers in the healthcare sector, dropping -50% yesterday.

iBio shares are trading lower after the company announced pricing of a $4.5 million public offering.

What are the most undervalued healthcare stocks?

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

1. Arcturus Therapeutics Holdings (NASDAQ:ARCT)


Arcturus Therapeutics Holdings (NASDAQ:ARCT) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Arcturus Therapeutics Holdings has a valuation score of 100, which is 72 points higher than the healthcare sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Arcturus Therapeutics Holdings's stock has gained 29.94% in the past year. It has overperformed other stocks in the healthcare sector by 47 percentage points.

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 72 points higher than the healthcare sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -35.57% in the past year. It has underperformed other stocks in the healthcare sector by -19 percentage points.

3. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Voyager Therapeutics has a valuation score of 100, which is 72 points higher than the healthcare sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Voyager Therapeutics's stock has gained 18.66% in the past year. It has overperformed other stocks in the healthcare sector by 36 percentage points.

Are healthcare stocks a good buy now?

49.67% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 43.7% 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 30.97x.
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.