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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
INCY
INCYTE CORP
NASDAQ
Biotechnology
$12.79B$56.97-0.26%$919.43M21.34x0.31
SMLR
SEMLER SCIENTIFIC INC
NASDAQ
Medical Devices
$205.38M$29.212.31%$24.70M9.55x0.09
NBIX
NEUROCRINE BIOSCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$13.72B$137.920.07%$358.00M53.88x0.46
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
NASDAQ
Biotechnology
$1.91B$33.580.18%$221.51M15.47x0.74
VYGR
VOYAGER THERAPEUTICS INC
NASDAQ
Biotechnology
$505.54M$9.31-2.62%$126.46M3.02x0.49
INMD
INMODE LTD
NASDAQ
Medical Devices
$1.81B$21.611.93%$217.89M9.12x0.10
BMY
BRISTOL MYERS SQUIBB CO
NYSE
Drug Manufacturers - General
$109.66B$54.231.84%$18.19B13.98x2.23
PGNY
PROGYNY INC
NASDAQ
Health Information Services
$3.68B$38.150.42%$69.67M58.69x0.37
RPRX
ROYALTY PHARMA PLC
NASDAQ
Biotechnology
$18.14B$30.37-0.26%$1.32B11.96x0.62
AMLX
AMYLYX PHARMACEUTICALS INC
NASDAQ
Biotechnology
$192.50M$2.84-1.39%$55.39M3.89x0.19
SDGR
SCHRODINGER INC
NASDAQ
Health Information Services
$1.95B$27.001.39%$56.24M47.37x0.46
CNC
CENTENE CORP
NYSE
Healthcare Plans
$41.98B$78.480.17%$5.62B15.79x2.27
UTHR
UNITED THERAPEUTICS CORP
NASDAQ
Biotechnology
$10.81B$229.72-5.57%$1.39B10.92x0.20
KMDA
KAMADA LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$322.46M$5.610.18%$22.44M33.00x0.45
JNJ
JOHNSON & JOHNSON
NYSE
Drug Manufacturers - General
$381.04B$158.190.15%$45.15B11.40x1.44
OSUR
ORASURE TECHNOLOGIES INC
NASDAQ
Medical Instruments & Supplies
$453.85M$6.150.16%$77.19M8.42x0.12
DCGO
DOCGO INC
NASDAQ
Medical Care Facilities
$420.85M$4.04-0.49%$27.85M57.71x0.62
CCRN
CROSS COUNTRY HEALTHCARE INC
NASDAQ
Medical Care Facilities
$650.06M$18.721.57%$130.45M9.04x0.44
STAA
STAAR SURGICAL CO
NASDAQ
Medical Instruments & Supplies
$1.87B$38.281.54%$31.83M87.00x0.27
LNTH
LANTHEUS HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$4.27B$62.242.94%$491.01M12.99x1.02
EXEL
EXELIXIS INC
NASDAQ
Biotechnology
$7.19B$23.73-0.54%$312.21M36.51x0.30
SLP
SIMULATIONS PLUS INC
NASDAQ
Health Information Services
$821.65M$41.15-0.48%$16.49M76.20x0.08
AMPH
AMPHASTAR PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$2.11B$43.910.90%$225.48M15.41x1.37
AZN
ASTRAZENECA PLC
NASDAQ
Drug Manufacturers - General
$210.05B$67.75-0.75%$13.91B35.29x1.58
PBYI
PUMA BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$255.50M$5.30-5.02%$47.52M11.52x3.31
HALO
HALOZYME THERAPEUTICS INC
NASDAQ
Biotechnology
$5.16B$40.68-0.12%$451.95M19.10x19.68
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
NASDAQ
Medical Devices
$383.51M$16.252.46%$22.31M13.10x0.45
HCM
HUTCHMED (CHINA) LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$2.93B$16.80-0.30%N/A28.00x0.73
HUM
HUMANA INC
NYSE
Healthcare Plans
$41.83B$346.72-0.80%$4.74B17.26x1.89
CVS
CVS HEALTH CORP
NYSE
Healthcare Plans
$100.37B$79.760.42%$13.81B12.29x2.26
EW
EDWARDS LIFESCIENCES CORP
NYSE
Medical Devices
$57.43B$95.560.43%$1.79B41.37x0.40
PCRX
PACIRA BIOSCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.36B$29.220.62%$157.58M32.11x0.81
CHE
CHEMED CORP
NYSE
Medical Care Facilities
$9.70B$641.93-0.36%$414.34M35.45x0.51
SEM
SELECT MEDICAL HOLDINGS CORP
NYSE
Medical Care Facilities
$3.87B$30.152.38%$733.50M15.79x4.75
GILD
GILEAD SCIENCES INC
NASDAQ
Drug Manufacturers - General
$91.25B$73.250.33%$10.55B16.13x1.73
NSYS
NORTECH SYSTEMS INC
NASDAQ
Medical Devices
$36.58M$13.351.06%$8.00M5.28x1.13
COR
CENCORA INC
NYSE
Medical Distribution
$48.47B$242.99-0.67%$3.01B26.18x69.79
ADUS
ADDUS HOMECARE CORP
NASDAQ
Medical Care Facilities
$1.68B$103.34-0.39%$106.56M26.43x0.45
UTMD
UTAH MEDICAL PRODUCTS INC
NASDAQ
Medical Instruments & Supplies
$255.21M$71.111.33%$26.46M15.53x0.06
CORT
CORCEPT THERAPEUTICS INC
NASDAQ
Biotechnology
$2.61B$25.19-0.51%$109.00M24.70x0.23
CAH
CARDINAL HEALTH INC
NYSE
Medical Distribution
$27.22B$111.90-0.57%$1.89B43.54x-14.50
ISRG
INTUITIVE SURGICAL INC
NASDAQ
Medical Instruments & Supplies
$140.61B$399.09-0.25%$2.39B77.95x0.15
SIGA
SIGA TECHNOLOGIES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$608.54M$8.560.71%$88.31M9.01x0.29
GMAB
GENMAB A
NASDAQ
Biotechnology
$19.76B$29.91-2.35%N/A30.84x0.12
BMRN
BIOMARIN PHARMACEUTICAL INC
NASDAQ
Biotechnology
$16.48B$87.34-1.43%$310.28M98.13x0.38
AMN
AMN HEALTHCARE SERVICES INC
NYSE
Medical Care Facilities
$2.37B$62.511.68%$500.98M11.62x2.52
CI
CIGNA GROUP
NYSE
Healthcare Plans
$106.18B$363.19-0.04%$9.79B20.67x2.30
BNOX
BIONOMICS LIMITED
NASDAQ
Biotechnology
$11.90M$1.030.00%N/A0.03x0.34
OPCH
OPTION CARE HEALTH INC
NASDAQ
Medical Care Facilities
$5.82B$33.541.08%$490.72M22.51x1.26
MDXG
MIMEDX GROUP INC
NASDAQ
Biotechnology
$1.13B$7.701.18%$32.57M19.25x0.68
TGTX
TG THERAPEUTICS INC
NASDAQ
Biotechnology
$2.35B$15.21-2.31%$25.89M169.00x1.05
VMD
VIEMED HEALTHCARE INC
NASDAQ
Medical Devices
$365.48M$9.430.53%$36.68M34.93x0.36
MDT
MEDTRONIC PLC
NYSE
Medical Devices
$115.72B$87.150.26%$8.88B27.67x0.75
IRMD
IRADIMED CORP
NASDAQ
Medical Devices
$557.04M$43.991.43%$22.50M32.35x0.29
VEEV
VEEVA SYSTEMS INC
NYSE
Health Information Services
$37.38B$231.69-0.73%$632.34M70.85x0.27
MEIP
MEI PHARMA INC
NASDAQ
Biotechnology
$26.65M$4.002.04%$21.69M1.35x0.32
ALGN
ALIGN TECHNOLOGY INC
NASDAQ
Medical Devices
$24.63B$327.920.01%$816.71M56.34x0.68
ROIV
ROIVANT SCIENCES LTD
NASDAQ
Biotechnology
$8.49B$10.54-2.77%$4.58B1.90x0.12
MMSI
MERIT MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$4.39B$75.750.38%$228.89M46.19x0.93
DXCM
DEXCOM INC
NASDAQ
Medical Devices
$53.47B$138.70-0.56%$916.70M99.07x2.03
SNY
SANOFI
NASDAQ
Drug Manufacturers - General
$122.94B$48.60-1.90%$14.09B20.98x0.70
LMAT
LEMAITRE VASCULAR INC
NASDAQ
Medical Instruments & Supplies
$1.48B$66.36-1.25%$48.99M48.79x0.16
PODD
INSULET CORP
NASDAQ
Medical Devices
$11.99B$171.401.31%$323.60M57.91x2.53
ALC
ALCON INC
NYSE
Medical Instruments & Supplies
$41.08B$83.290.01%$2.25B42.07x0.44
HSIC
HENRY SCHEIN INC
NASDAQ
Medical Distribution
$9.70B$75.520.49%$871.00M23.75x1.48
TALK
TALKSPACE INC
NASDAQ
Health Information Services
$602.99M$3.570.00%-$22.01M-29.75x0.20
MOH
MOLINA HEALTHCARE INC
NYSE
Healthcare Plans
$23.99B$410.83-1.86%$1.74B21.73x2.53
THC
TENET HEALTHCARE CORP
NYSE
Medical Care Facilities
$10.51B$105.110.23%$2.69B17.49x14.18
ABT
ABBOTT LABORATORIES
NYSE
Medical Devices
$197.22B$113.660.16%$10.54B34.65x0.89
HOLX
HOLOGIC INC
NASDAQ
Medical Instruments & Supplies
$18.30B$77.960.79%$1.06B36.77x0.82
GMED
GLOBUS MEDICAL INC
NYSE
Medical Devices
$7.26B$53.641.09%$290.00M49.21x0.27
GSK
GSK PLC
NYSE
Drug Manufacturers - General
$86.94B$42.87-0.28%$8.20B13.93x3.46
WST
WEST PHARMACEUTICAL SERVICES INC
NYSE
Medical Instruments & Supplies
$29.01B$395.710.41%$862.00M49.59x0.33
UNH
UNITEDHEALTH GROUP INC
NYSE
Healthcare Plans
$456.08B$494.700.32%$35.57B20.51x1.97
ATRC
ATRICURE INC
NASDAQ
Medical Instruments & Supplies
$1.45B$30.420.93%-$8.11M-46.09x0.32
ZBH
ZIMMER BIOMET HOLDINGS INC
NYSE
Medical Devices
$27.07B$131.98-0.48%$2.22B26.88x0.72
BRKR
BRUKER CORP
NASDAQ
Medical Devices
$12.93B$93.940.09%$659.80M32.17x2.06
KIDS
ORTHOPEDIATRICS CORP
NASDAQ
Medical Devices
$686.70M$29.160.66%-$4.13M-31.70x0.16
ASTH
ASTRANA HEALTH INC
NASDAQ
Medical Care Facilities
$2.33B$41.992.12%$133.74M32.30x0.85
PEN
PENUMBRA INC
NYSE
Medical Devices
$8.64B$223.18-1.41%$106.91M94.17x0.32
NVS
NOVARTIS AG
NYSE
Drug Manufacturers - General
$197.72B$96.730.89%$26.63B13.53x1.14
BNTX
BIONTECH SE
NASDAQ
Biotechnology
$21.93B$92.25-0.77%$1.51B21.93x0.14
FONR
FONAR CORP
NASDAQ
Diagnostics & Research
$143.34M$21.36-1.97%$25.75M11.30x0.28
ENSG
ENSIGN GROUP INC
NASDAQ
Medical Care Facilities
$7.05B$124.42-0.96%$353.66M33.09x1.80
VNDA
VANDA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$236.48M$4.115.66%$9.35M102.75x0.19
IDXX
IDEXX LABORATORIES INC
NASDAQ
Diagnostics & Research
$44.86B$539.930.07%$1.22B53.09x1.20
COLL
COLLEGIUM PHARMACEUTICAL INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.24B$38.82-5.11%$308.33M27.15x4.85
ZTS
ZOETIS INC
NYSE
Drug Manufacturers - Specialty & Generic
$77.48B$169.210.42%$3.67B33.31x1.86
TFX
TELEFLEX INC
NYSE
Medical Instruments & Supplies
$10.64B$226.171.03%$759.97M29.84x0.70
BTMD
BIOTE CORP
NASDAQ
Medical Care Facilities
$432.28M$5.80-1.19%$15.85M44.62x-6.53
STRR
STAR EQUITY HOLDINGS INC
NASDAQ
Diagnostics & Research
$14.06M$0.89-0.89%$26.87M0.55x0.16
PLX
PROTALIX BIOTHERAPEUTICS INC
NYSEMKT
Biotechnology
$92.05M$1.260.80%$11.65M10.50x1.52
DBVT
DBV TECHNOLOGIES SA
NASDAQ
Biotechnology
$144.45M$0.75-2.35%-$86.72M-1.97x0.31
DVA
DAVITA INC
NYSE
Medical Care Facilities
$12.11B$138.050.88%$2.06B18.12x13.40
QTRX
QUANTERIX CORP
NASDAQ
Medical Devices
$896.78M$23.562.75%-$39.08M-27.40x0.23
RVTY
REVVITY INC
NYSE
Diagnostics & Research
$12.97B$105.00-0.39%$1.25B18.88x0.72
PINC
PREMIER INC
NASDAQ
Health Information Services
$2.65B$22.101.38%$368.68M15.79x0.60
RMD
RESMED INC
NYSE
Medical Instruments & Supplies
$29.13B$198.030.87%$1.37B32.68x0.54
SPOK
SPOK HOLDINGS INC
NASDAQ
Health Information Services
$321.18M$15.950.44%$26.82M20.19x0.39
NHC
NATIONAL HEALTHCARE CORP
NYSEMKT
Medical Care Facilities
$1.45B$94.511.29%$132.61M21.68x0.44

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
684+0.36%+0.93%-1.48%-4.42%14.26x6.21x-77.43%+1.48%+19.54%+65.07%Strong Buy
65+0.28%-0.17%+2.52%+4.69%37.37x4.38x-23.08%+6.58%+11.46%+0.55%Buy
17+0.00%+1.50%+1.17%+25.92%160.37x6.15x+34.42%+8.09%+14.74%+9.57%Buy
92+0.41%+0.95%-1.77%+1.38%54.21x2.19x+11.44%+2.72%+4.95%+29.55%Strong Buy
12-0.38%+0.56%+2.07%+10.27%19.09x3.02x+20.01%+6.11%+14.20%+13.24%Buy
61+0.32%-1.01%-1.61%-16.10%79.47x3.72x+6.11%+2.16%+5.59%+24.14%Buy
49+0.34%+1.06%+5.47%+18.95%-4.55x4.84x-88.67%+6.23%+13.09%+8.75%Buy
156+0.25%+2.93%+4.33%-4.81%29.92x4.11x+10.49%+5.32%+7.98%+11.69%Buy
9-0.44%+0.53%+2.27%+43.43%26.84x150.19x+19.30%+3.48%+19.49%+0.56%Buy
56+0.87%+1.54%+5.45%-0.49%53.11x3.75x+11.26%+7.44%+10.01%+11.96%Buy

Healthcare Stocks FAQ

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

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

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the top healthcare stock with a Zen Score of 75, which is 50 points higher than the healthcare sector average of 25. It passed 24 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -18.97% over the past year, underperforming other healthcare stocks by -21 percentage points.

Incyte has an average 1 year price target of $73.92, an upside of 29.75% from Incyte's current stock price of $56.97.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Incyte, 25% have issued a Strong Buy rating, 16.67% have issued a Buy, 58.33% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the second best healthcare stock with a Zen Score of 68, which is 43 points higher than the healthcare sector average of 25. It passed 21 out of 33 due diligence checks and has strong fundamentals. Semler Scientific has seen its stock return 11.36% over the past year, overperforming other healthcare stocks by 9 percentage points.

3. Neurocrine Biosciences (NASDAQ:NBIX)


Neurocrine Biosciences (NASDAQ:NBIX) is the third best healthcare stock with a Zen Score of 67, which is 42 points higher than the healthcare sector average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Neurocrine Biosciences has seen its stock return 43.06% over the past year, overperforming other healthcare stocks by 41 percentage points.

Neurocrine Biosciences has an average 1 year price target of $141.80, an upside of 2.81% from Neurocrine Biosciences's current stock price of $137.92.

Neurocrine Biosciences stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Neurocrine Biosciences, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% 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 75 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Carisma Therapeutics (NASDAQ:CARM)


Carisma Therapeutics (NASDAQ:CARM) has an annual dividend yield of N/A, which is N/A percentage points lower than the healthcare sector average of 2.59%.

Carisma Therapeutics's dividend payout ratio of -9.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 43.75%, which is 41 percentage points higher than the healthcare sector average of 2.59%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

3. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 12.27%, which is 10 percentage points higher than the healthcare sector average of 2.59%.

Siga Technologies's dividend payout ratio of 47.4% indicates that its high dividend yield is sustainable for the long-term.

Why are healthcare stocks up?

Healthcare stocks were up 0.28% in the last day, and up 1.05% over the last week. Avalo Therapeutics was the among the top gainers in the healthcare sector, gaining 357.89% yesterday.

Avalo shares are trading higher after the company announced it acquired a Phase 2-ready anti-IL-1β mAb, which it refers to as AVTX-009, through the acquisition of privately held AlmataBio. The company also announced a private placement financing of up to $185 million.

What are the most undervalued healthcare stocks?

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

1. Bionomics Limited (NASDAQ:BNOX)


Bionomics Limited (NASDAQ:BNOX) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Bionomics Limited has a valuation score of 100, which is 83 points higher than the healthcare sector average of 17. It passed 7 out of 7 valuation due diligence checks.

Bionomics Limited's stock has dropped -52.75% in the past year. It has underperformed other stocks in the healthcare sector by -55 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 83 points higher than the healthcare sector average of 17. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -27.97% in the past year. It has underperformed other stocks in the healthcare sector by -30 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 83 points higher than the healthcare sector average of 17. It passed 7 out of 7 valuation due diligence checks.

Voyager Therapeutics's stock has gained 32.24% in the past year. It has overperformed other stocks in the healthcare sector by 30 percentage points.

Are healthcare stocks a good buy now?

46.04% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 25.91% 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 75.24x.
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.