WallStreetZenWallStreetZen

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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
STE
STERIS PLC
$20.38B$206.24$245.7519.16%Strong Buy47.11%52.45%N/AN/A
BDX
BECTON DICKINSON & CO
$69.46B$240.35$285.0018.58%Strong Buy44.69%92.42%N/AN/A
RMD
RESMED INC
$32.05B$218.15$209.14-4.13%Buy74.26%14.85%N/AN/A
KRYS
KRYSTAL BIOTECH INC
$4.53B$160.23$185.6715.88%Strong Buy6104.18%52.91%N/AN/A
HSTM
HEALTHSTREAM INC
$821.05M$27.01N/AN/AN/AN/A3.92%N/AN/AN/A
VRTX
VERTEX PHARMACEUTICALS INC
$103.36B$400.16$451.7512.89%Buy168.93%2.45%N/AN/A
FTLF
FITLIFE BRANDS INC
$129.21M$28.10N/AN/AN/AN/AN/AN/AN/AN/A
ANIP
ANI PHARMACEUTICALS INC
$1.41B$67.11$80.0019.21%Strong Buy38.00%91.82%N/AN/A
CPRX
CATALYST PHARMACEUTICALS INC
$1.77B$15.02$27.4082.42%Strong Buy516.35%16.52%N/AN/A
KIDS
ORTHOPEDIATRICS CORP
$749.11M$31.81$37.1716.84%Buy626.25%N/AN/AN/A
VREX
VAREX IMAGING CORP
$657.20M$16.43$30.0082.59%Buy1-0.34%N/AN/AN/A
PFE
PFIZER INC
$156.42B$27.70$33.6321.39%Buy82.23%99.43%21.38%8.40%
NEOG
NEOGEN CORP
$2.70B$12.45$17.0036.55%Hold11.56%526.68%6.20%4.25%
CRSP
CRISPR THERAPEUTICS AG
$4.42B$55.07$84.0052.53%Buy1152.20%N/AN/AN/A
SY
SO-YOUNG INTERNATIONAL INC
$126.48M$1.29N/AN/AN/AN/A3.29%N/AN/AN/A
USPH
U S PHYSICAL THERAPY INC
$1.56B$103.64$119.5015.30%Strong Buy25.39%100.78%N/AN/A
CNMD
CONMED CORP
$2.16B$70.12$90.4028.92%Buy57.45%45.32%N/AN/A
ELV
ELEVANCE HEALTH INC
$122.16B$525.61$591.3312.50%Strong Buy94.43%22.14%N/AN/A
IDXX
IDEXX LABORATORIES INC
$39.30B$475.82$593.7524.78%Strong Buy49.02%7.44%N/AN/A
ENSG
ENSIGN GROUP INC
$6.63B$116.55$132.6713.83%Strong Buy38.00%N/AN/AN/A
RDY
DR REDDYS LABORATORIES LTD
$12.45B$74.78$80.006.98%Strong Buy110.65%N/AN/AN/A
FMS
FRESENIUS MEDICAL CARE AG
$12.71B$21.66N/AN/AN/AN/A2.83%63.02%N/AN/A
BSX
BOSTON SCIENTIFIC CORP
$105.90B$72.03$77.167.12%Strong Buy199.27%29.07%N/AN/A
RCM
R1 RCM INC
$5.23B$12.45$15.9227.85%Buy1213.58%581.13%N/AN/A
AMGN
AMGEN INC
$149.19B$278.39$315.7013.40%Buy107.17%18.50%N/AN/A
DVA
DAVITA INC
$12.47B$142.24$137.67-3.21%Buy32.82%22.25%N/AN/A
ATRC
ATRICURE INC
$1.08B$22.22$45.00102.52%Strong Buy712.85%N/AN/AN/A
ENZ
ENZO BIOCHEM INC
$53.27M$1.04N/AN/AN/AN/AN/AN/AN/AN/A
TFFP
TFF PHARMACEUTICALS INC
$6.22M$2.47$44.001,681.38%Strong Buy1136.51%N/AN/AN/A
KNSA
KINIKSA PHARMACEUTICALS LTD
$1.37B$19.38$28.3346.20%Strong Buy324.49%N/AN/AN/A
SPOK
SPOK HOLDINGS INC
$292.55M$14.45N/AN/AN/AN/AN/AN/AN/AN/A
SOPH
SOPHIA GENETICS SA
$331.37M$5.08$8.0057.48%Strong Buy231.01%N/AN/AN/A
BWAY
BRAINSWAY LTD
$96.73M$5.82$9.5063.23%Buy217.94%N/A25.58%16.89%
PLX
PROTALIX BIOTHERAPEUTICS INC
$84.74M$1.16$10.00762.07%Buy1N/AN/AN/AN/A
A
AGILENT TECHNOLOGIES INC
$40.30B$137.52$139.671.56%Buy123.35%35.95%N/AN/A
SWAV
SHOCKWAVE MEDICAL INC
$12.34B$330.00$313.71-4.94%Buy722.36%17.05%N/AN/A
ATR
APTARGROUP INC
$9.67B$145.92$166.5014.10%Strong Buy23.43%1.79%N/AN/A
OCUP
OCUPHIRE PHARMA INC
$45.90M$1.85$20.00981.08%Strong Buy246.92%N/AN/AN/A
SEER
SEER INC
$139.91M$2.16N/AN/AN/AN/A39.00%N/AN/AN/A
JAZZ
JAZZ PHARMACEUTICALS PLC
$6.89B$109.29$193.2776.84%Strong Buy116.71%77.12%N/AN/A
QGEN
QIAGEN NV
$9.56B$42.68$50.6618.71%Buy55.12%26.17%N/AN/A
MIRM
MIRUM PHARMACEUTICALS INC
$1.20B$25.60$52.75106.05%Strong Buy845.39%N/AN/AN/A
LFWD
LIFEWARD LTD
$40.53M$4.77$9.0088.68%Buy176.02%N/AN/AN/A
UHS
UNIVERSAL HEALTH SERVICES INC
$11.42B$169.89$187.5510.39%Buy116.03%14.19%N/AN/A
SUPN
SUPERNUS PHARMACEUTICALS INC
$1.66B$30.27$41.0035.45%Strong Buy13.70%460.94%N/AN/A
ADAG
ADAGENE INC
$106.32M$2.41N/AN/AN/AN/A37.92%N/AN/AN/A
SNN
SMITH & NEPHEW PLC
$10.73B$24.44N/AN/AN/AN/A5.44%139.20%N/AN/A
MEDP
MEDPACE HOLDINGS INC
$12.12B$391.07$448.6014.71%Strong Buy512.68%0.10%N/AN/A
DGX
QUEST DIAGNOSTICS INC
$15.15B$136.34$147.908.48%Buy102.82%14.83%N/AN/A
TMO
THERMO FISHER SCIENTIFIC INC
$217.82B$571.25$621.098.72%Strong Buy113.68%57.79%N/AN/A
THC
TENET HEALTHCARE CORP
$11.62B$118.94$117.92-0.86%Strong Buy130.29%-36.35%N/AN/A
SYK
STRYKER CORP
$124.43B$326.63$373.4714.34%Strong Buy155.52%15.85%N/AN/A
ATRI
ATRION CORP
$730.24M$414.95N/AN/AN/AN/AN/AN/AN/AN/A
SHC
SOTERA HEALTH CO
$3.09B$10.91$16.3850.09%Strong Buy42.17%547.37%N/AN/A
HAE
HAEMONETICS CORP
$4.74B$93.33$105.0012.50%Buy17.94%25.91%N/AN/A
SIBN
SI-BONE INC
$599.95M$14.61$25.5074.54%Strong Buy618.10%N/AN/AN/A
ABBV
ABBVIE INC
$284.07B$160.81$177.5010.38%Strong Buy85.08%71.41%N/AN/A
QTRX
QUANTERIX CORP
$644.04M$16.92$28.5068.44%Strong Buy215.50%N/AN/AN/A
DBVT
DBV TECHNOLOGIES SA
$129.22M$0.67$10.001,392.54%Buy1166.59%N/AN/AN/A
CLGN
COLLPLANT BIOTECHNOLOGIES LTD
$70.83M$6.19$11.0077.85%Buy128.53%N/AN/AN/A
SGHT
SIGHT SCIENCES INC
$277.99M$5.61$5.50-1.96%Buy29.44%N/AN/AN/A
IMMP
IMMUTEP LTD
$319.80M$2.69N/AN/AN/AN/A452.47%N/AN/AN/A
NSPR
INSPIREMD INC
$47.15M$2.01N/AN/AN/AN/A69.07%N/AN/AN/A
AXNX
AXONICS INC
$3.42B$67.11$71.005.80%Hold518.01%N/AN/AN/A
PRTA
PROTHENA CORP PUBLIC LTD CO
$1.18B$22.04$68.14209.18%Buy734.72%N/AN/AN/A
CRON
CRONOS GROUP INC
$1.01B$2.66$2.50-6.02%Sell123.05%N/AN/AN/A
VYNE
VYNE THERAPEUTICS INC
$35.25M$2.50$5.75130.00%Buy1479.50%N/AN/AN/A
FORA
FORIAN INC
$83.74M$2.69$5.0085.87%Strong Buy110.83%N/AN/AN/A
IDYA
IDEAYA BIOSCIENCES INC
$3.09B$41.49$52.1425.68%Strong Buy746.64%N/AN/AN/A
RNA
AVIDITY BIOSCIENCES INC
$2.04B$25.58$44.5073.96%Strong Buy4178.46%N/AN/AN/A
AKLI
AKILI INC
$32.11M$0.41N/AN/AN/AN/A593.44%N/AN/AN/A
STVN
STEVANATO GROUP SPA
$7.92B$26.81$34.0026.82%Buy210.79%1.00%N/AN/A
VTGN
VISTAGEN THERAPEUTICS INC
$119.18M$4.41$13.50206.12%Strong Buy2109.58%N/AN/AN/A
ORMP
ORAMED PHARMACEUTICALS INC
$94.81M$2.34N/AN/AN/AN/AN/AN/AN/AN/A
LPCN
LIPOCINE INC
$24.98M$4.70N/AN/AN/AN/AN/AN/A39.93%35.36%
INSP
INSPIRE MEDICAL SYSTEMS INC
$7.43B$251.19$248.57-1.04%Strong Buy721.76%N/AN/AN/A
GNFT
GENFIT SA
$174.42M$3.50$11.00214.29%Buy123.22%N/AN/AN/A
ALGS
ALIGOS THERAPEUTICS INC
$64.02M$0.85N/AN/AN/AN/A235.91%N/AN/AN/A
INM
INMED PHARMACEUTICALS INC
$1.60M$0.26N/AN/AN/AN/A78.42%N/A-237.12%-198.52%
MDWD
MEDIWOUND LTD
$173.74M$18.84$28.0048.62%Buy139.36%N/AN/AN/A
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
$713.79M$26.52$63.25138.50%Strong Buy477.03%N/AN/AN/A
KZR
KEZAR LIFE SCIENCES INC
$62.25M$0.86$11.001,186.55%Buy247.18%N/AN/AN/A
HYPR
HYPERFINE INC
$57.06M$0.79$1.4379.70%Hold221.08%N/AN/AN/A
ACCD
ACCOLADE INC
$568.87M$7.26$14.3397.42%Strong Buy918.22%N/AN/AN/A
ALKS
ALKERMES PLC
$4.04B$23.86$35.4348.49%Buy7-3.79%-7.55%N/AN/A
PTGX
PROTAGONIST THERAPEUTICS INC
$1.49B$25.54$39.0052.70%Strong Buy334.38%N/AN/AN/A
XCUR
EXICURE INC
$4.33M$0.50N/AN/AN/AN/AN/AN/AN/AN/A
EHC
ENCOMPASS HEALTH CORP
$8.40B$83.42$92.0010.29%Strong Buy68.02%-6.91%N/AN/A
DHR
DANAHER CORP
$182.83B$246.84$278.3012.75%Strong Buy107.40%57.06%N/AN/A
AXSM
AXSOME THERAPEUTICS INC
$3.51B$74.19$125.7369.47%Strong Buy1153.06%N/AN/AN/A
FULC
FULCRUM THERAPEUTICS INC
$473.80M$7.65$13.0069.93%Buy4218.27%N/AN/AN/A
ZYME
ZYMEWORKS INC
$636.34M$9.00$12.0033.33%Buy243.59%N/AN/AN/A
OSCR
OSCAR HEALTH INC
$4.16B$18.09$18.673.19%Buy326.35%N/AN/AN/A
ITGR
INTEGER HOLDINGS CORP
$3.68B$109.92$134.6722.51%Strong Buy37.31%70.03%N/AN/A
ANIX
ANIXA BIOSCIENCES INC
$94.74M$2.97$12.00304.04%Buy11,188.83%N/AN/AN/A
ITCI
INTRA-CELLULAR THERAPIES INC
$6.81B$70.34$94.2033.92%Strong Buy1036.39%N/AN/AN/A
NVO
NOVO NORDISK A S
$559.33B$124.02$133.007.24%Strong Buy619.15%2.84%N/AN/A
AGIO
AGIOS PHARMACEUTICALS INC
$1.96B$34.58$33.33-3.61%Hold383.66%N/AN/AN/A
NUTX
NUTEX HEALTH INC
$32.00M$0.64$15.002,229.19%Strong Buy1N/AN/AN/AN/A
LEGN
LEGEND BIOTECH CORP
$8.36B$45.93$82.8680.40%Strong Buy785.32%N/AN/AN/A

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
681+1.42%+6.14%-3.49%-18.37%7.63x5.99x+15.18%+2.53%-35.33%+82.13%Strong Buy
66-0.30%+0.61%-4.87%-1.02%38.60x4.16x-23.26%+6.41%+11.02%+11.32%Buy
17-1.19%+2.40%-1.41%+12.84%150.35x6.19x+34.83%+8.28%+14.44%+14.49%Buy
90+1.59%+5.32%+1.77%-3.85%32.91x2.15x+12.03%+3.10%+5.63%+32.23%Strong Buy
12+0.29%-1.86%+0.23%-1.13%19.75x2.90x+19.68%+6.05%+14.12%+17.07%Buy
61+0.54%+1.75%-4.53%-22.22%76.01x3.21x+6.57%+2.11%+5.20%+35.77%Buy
51-0.21%+1.36%-4.24%+7.14%-7.58x4.35x-93.45%+6.66%+13.90%+18.12%Buy
154+1.23%+3.00%-0.85%-12.65%28.83x3.68x+10.48%+5.30%+7.76%+20.08%Buy
9-0.42%-2.84%-3.75%+31.13%26.33x108.21x-8.56%+3.45%+18.82%+9.17%Buy
56-0.01%+2.38%-0.51%-11.81%56.28x3.55x+11.50%+7.83%+10.34%+20.39%Buy

Healthcare Stocks FAQ

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

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

1. Cross Country Healthcare (NASDAQ:CCRN)


Cross Country Healthcare (NASDAQ:CCRN) is the top healthcare stock with a Zen Score of 70, which is 45 points higher than the healthcare sector average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Cross Country Healthcare has seen its stock lose -21.7% over the past year, underperforming other healthcare stocks by -13 percentage points.

Cross Country Healthcare has an average 1 year price target of $20.40, an upside of 21.86% from Cross Country Healthcare's current stock price of $16.74.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Cross Country Healthcare, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% 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 lose -0.71% over the past year, overperforming other healthcare stocks by 8 percentage points.

3. Progyny (NASDAQ:PGNY)


Progyny (NASDAQ:PGNY) 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. Progyny has seen its stock lose -3.46% over the past year, overperforming other healthcare stocks by 5 percentage points.

Progyny has an average 1 year price target of $47.00, an upside of 46.55% from Progyny's current stock price of $32.07.

Progyny stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Progyny, 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.

What are the healthcare stocks with highest dividends?

Out of 72 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 57.19%, which is 54 percentage points higher than the healthcare sector average of 2.81%.

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

2. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 11.12%, which is 8 percentage points higher than the healthcare sector average of 2.81%.

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

3. Spok Holdings (NASDAQ:SPOK)


Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 8.65%, which is 6 percentage points higher than the healthcare sector average of 2.81%. 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.

Why are healthcare stocks up?

Healthcare stocks were up 0.54% in the last day, and up 2.82% over the last week. Emergent Biosolutions was the among the top gainers in the healthcare sector, gaining 70.98% yesterday.

Emergent Biosolutions shares are trading higher after the company announced operational changes to stabilize its financial position and reported Q1 financial results.

What are the most undervalued healthcare stocks?

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

1. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -48.68% in the past year. It has underperformed other stocks in the healthcare sector by -40 percentage points.

2. Pacira Biosciences (NASDAQ:PCRX)


Pacira Biosciences (NASDAQ:PCRX) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Pacira Biosciences has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Pacira Biosciences's stock has dropped -41.18% in the past year. It has underperformed other stocks in the healthcare sector by -33 percentage points.

3. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Semler Scientific has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Semler Scientific's stock has dropped -0.71% in the past year. It has overperformed other stocks in the healthcare sector by 8 percentage points.

Are healthcare stocks a good buy now?

47.75% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 36.8% 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 70.14x.
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.