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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
STE	STERIS PLC	$20.38B	0.98%	34.70%	$0.5200	$2.03	18%	0	2024-06-12	2024-06-26
BDX	BECTON DICKINSON & CO	$69.46B	1.55%	81.90%	$0.9500	$3.72	30%	0	2024-06-10	2024-06-28
RMD	RESMED INC	$32.05B	0.86%	28.80%	$0.4800	$1.88	15%	0	2024-05-08	2024-06-13
KRYS	KRYSTAL BIOTECH INC	$4.53B	N/A	0.00%	N/A	N/A	N/A	N/A
HSTM	HEALTHSTREAM INC	$821.05M	0.38%	17.80%	$0.0280	$0.10	5%	1	2024-05-03	2024-05-17
VRTX	VERTEX PHARMACEUTICALS INC	$103.36B	N/A	0.00%	N/A	N/A	N/A	N/A
FTLF	FITLIFE BRANDS INC	$129.21M	N/A	0.00%	N/A	N/A	N/A	N/A
ANIP	ANI PHARMACEUTICALS INC	$1.41B	N/A	0.00%	N/A	N/A	N/A	N/A
CPRX	CATALYST PHARMACEUTICALS INC	$1.77B	N/A	0.00%	N/A	N/A	N/A	N/A
KIDS	ORTHOPEDIATRICS CORP	$749.11M	N/A	0.00%	N/A	N/A	N/A	N/A
VREX	VAREX IMAGING CORP	$657.20M	N/A	0.00%	N/A	N/A	N/A	N/A
PFE	PFIZER INC	$156.42B	5.96%	434.20%	$0.4200	$1.65	84%	0	2024-05-09	2024-06-14
NEOG	NEOGEN CORP	$2.70B	N/A	0.00%	N/A	N/A	N/A	N/A
CRSP	CRISPR THERAPEUTICS AG	$4.42B	N/A	0.00%	N/A	N/A	N/A	N/A
SY	SO-YOUNG INTERNATIONAL INC	$126.48M	4.65%	208.60%	$0.0600	$0.06	75%	0
USPH	U S PHYSICAL THERAPY INC	$1.56B	1.67%	134.40%	$0.4400	$1.73	33%	0
CNMD	CONMED CORP	$2.16B	1.14%	29.70%	$0.2000	$0.80	21%	0
ELV	ELEVANCE HEALTH INC	$122.16B	1.15%	22.80%	$1.6300	$6.07	22%	0	2024-06-10	2024-06-25
IDXX	IDEXX LABORATORIES INC	$39.30B	N/A	0.00%	N/A	N/A	N/A	N/A
ENSG	ENSIGN GROUP INC	$6.63B	0.20%	6.00%	$0.0600	$0.24	2%	0
RDY	DR REDDYS LABORATORIES LTD	$12.45B	1.30%	N/A	$0.4877	$0.98	25%	0
FMS	FRESENIUS MEDICAL CARE AG	$12.71B	2.85%	67.60%	$0.6181	$0.62	52%	4	2024-05-17	2024-06-03
BSX	BOSTON SCIENTIFIC CORP	$105.90B	N/A	0.00%	N/A	N/A	N/A	N/A
RCM	R1 RCM INC	$5.23B	N/A	0.00%	N/A	N/A	N/A	N/A
AMGN	AMGEN INC	$149.19B	3.10%	50.90%	$2.2500	$8.64	56%	0	2024-05-16	2024-06-07
DVA	DAVITA INC	$12.47B	N/A	0.00%	N/A	N/A	N/A	N/A
ATRC	ATRICURE INC	$1.08B	N/A	0.00%	N/A	N/A	N/A	N/A
ENZ	ENZO BIOCHEM INC	$53.27M	N/A	0.00%	N/A	N/A	N/A	N/A
TFFP	TFF PHARMACEUTICALS INC	$6.22M	N/A	0.00%	N/A	N/A	N/A	N/A
KNSA	KINIKSA PHARMACEUTICALS LTD	$1.37B	N/A	0.00%	N/A	N/A	N/A	N/A
SPOK	SPOK HOLDINGS INC	$292.55M	8.65%	148.80%	$0.3125	$1.25	91%	2	2024-05-23	2024-06-24
SOPH	SOPHIA GENETICS SA	$331.37M	N/A	0.00%	N/A	N/A	N/A	N/A
BWAY	BRAINSWAY LTD	$96.73M	N/A	0.00%	N/A	N/A	N/A	N/A
PLX	PROTALIX BIOTHERAPEUTICS INC	$84.74M	N/A	0.00%	N/A	N/A	N/A	N/A
A	AGILENT TECHNOLOGIES INC	$40.30B	0.67%	21.60%	$0.2360	$0.92	11%	1
SWAV	SHOCKWAVE MEDICAL INC	$12.34B	N/A	0.00%	N/A	N/A	N/A	N/A
ATR	APTARGROUP INC	$9.67B	1.12%	42.40%	$0.4100	$1.64	20%	0		2024-05-16
OCUP	OCUPHIRE PHARMA INC	$45.90M	N/A	0.00%	N/A	N/A	N/A	N/A
SEER	SEER INC	$139.91M	N/A	0.00%	N/A	N/A	N/A	N/A
JAZZ	JAZZ PHARMACEUTICALS PLC	$6.89B	N/A	0.00%	N/A	N/A	N/A	N/A
QGEN	QIAGEN NV	$9.56B	3.00%	87.20%	$1.2800	$1.28	54%	0
MIRM	MIRUM PHARMACEUTICALS INC	$1.20B	N/A	0.00%	N/A	N/A	N/A	N/A
LFWD	LIFEWARD LTD	$40.53M	N/A	0.00%	N/A	N/A	N/A	N/A
UHS	UNIVERSAL HEALTH SERVICES INC	$11.42B	0.47%	7.70%	$0.2000	$0.80	7%	0
SUPN	SUPERNUS PHARMACEUTICALS INC	$1.66B	N/A	0.00%	N/A	N/A	N/A	N/A
ADAG	ADAGENE INC	$106.32M	N/A	0.00%	N/A	N/A	N/A	N/A
SNN	SMITH & NEPHEW PLC	$10.73B	3.07%	124.20%	$0.4620	$0.75	55%	9		2024-05-22
MEDP	MEDPACE HOLDINGS INC	$12.12B	N/A	0.00%	N/A	N/A	N/A	N/A
DGX	QUEST DIAGNOSTICS INC	$15.15B	2.11%	38.20%	$0.7500	$2.88	42%	0
TMO	THERMO FISHER SCIENTIFIC INC	$217.82B	0.25%	9.00%	$0.3900	$1.44	3%	0
THC	TENET HEALTHCARE CORP	$11.62B	N/A	0.00%	N/A	N/A	N/A	N/A
SYK	STRYKER CORP	$124.43B	0.95%	35.00%	$0.8000	$3.10	17%	0
ATRI	ATRION CORP	$730.24M	2.11%	78.90%	$2.2000	$8.75	42%	0
SHC	SOTERA HEALTH CO	$3.09B	N/A	0.00%	N/A	N/A	N/A	N/A
HAE	HAEMONETICS CORP	$4.74B	N/A	0.00%	N/A	N/A	N/A	N/A
SIBN	SI-BONE INC	$599.95M	N/A	0.00%	N/A	N/A	N/A	N/A
ABBV	ABBVIE INC	$284.07B	3.77%	219.40%	$1.5500	$6.06	65%	0		2024-05-15
QTRX	QUANTERIX CORP	$644.04M	N/A	0.00%	N/A	N/A	N/A	N/A
DBVT	DBV TECHNOLOGIES SA	$129.22M	N/A	0.00%	N/A	N/A	N/A	N/A
CLGN	COLLPLANT BIOTECHNOLOGIES LTD	$70.83M	N/A	0.00%	N/A	N/A	N/A	N/A
SGHT	SIGHT SCIENCES INC	$277.99M	N/A	0.00%	N/A	N/A	N/A	N/A
IMMP	IMMUTEP LTD	$319.80M	N/A	0.00%	N/A	N/A	N/A	N/A
NSPR	INSPIREMD INC	$47.15M	N/A	0.00%	N/A	N/A	N/A	N/A
AXNX	AXONICS INC	$3.42B	N/A	0.00%	N/A	N/A	N/A	N/A
PRTA	PROTHENA CORP PUBLIC LTD CO	$1.18B	N/A	0.00%	N/A	N/A	N/A	N/A
CRON	CRONOS GROUP INC	$1.01B	N/A	0.00%	N/A	N/A	N/A	N/A
VYNE	VYNE THERAPEUTICS INC	$35.25M	N/A	0.00%	N/A	N/A	N/A	N/A
FORA	FORIAN INC	$83.74M	N/A	0.00%	N/A	N/A	N/A	N/A
IDYA	IDEAYA BIOSCIENCES INC	$3.09B	N/A	0.00%	N/A	N/A	N/A	N/A
RNA	AVIDITY BIOSCIENCES INC	$2.04B	N/A	0.00%	N/A	N/A	N/A	N/A
AKLI	AKILI INC	$32.11M	N/A	0.00%	N/A	N/A	N/A	N/A
STVN	STEVANATO GROUP SPA	$7.92B	N/A	0.00%	N/A	N/A	N/A	N/A
VTGN	VISTAGEN THERAPEUTICS INC	$119.18M	N/A	0.00%	N/A	N/A	N/A	N/A
ORMP	ORAMED PHARMACEUTICALS INC	$94.81M	N/A	0.00%	N/A	N/A	N/A	N/A
LPCN	LIPOCINE INC	$24.98M	N/A	0.00%	N/A	N/A	N/A	N/A
INSP	INSPIRE MEDICAL SYSTEMS INC	$7.43B	N/A	0.00%	N/A	N/A	N/A	N/A
GNFT	GENFIT SA	$174.42M	N/A	0.00%	N/A	N/A	N/A	N/A
ALGS	ALIGOS THERAPEUTICS INC	$64.02M	N/A	0.00%	N/A	N/A	N/A	N/A
INM	INMED PHARMACEUTICALS INC	$1.60M	N/A	0.00%	N/A	N/A	N/A	N/A
MDWD	MEDIWOUND LTD	$173.74M	N/A	0.00%	N/A	N/A	N/A	N/A
ARCT	ARCTURUS THERAPEUTICS HOLDINGS INC	$713.79M	N/A	0.00%	N/A	N/A	N/A	N/A
KZR	KEZAR LIFE SCIENCES INC	$62.25M	N/A	0.00%	N/A	N/A	N/A	N/A
HYPR	HYPERFINE INC	$57.06M	N/A	0.00%	N/A	N/A	N/A	N/A
ACCD	ACCOLADE INC	$568.87M	N/A	0.00%	N/A	N/A	N/A	N/A
ALKS	ALKERMES PLC	$4.04B	4.48%	40.80%	$1.0700	$1.07	74%	0
PTGX	PROTAGONIST THERAPEUTICS INC	$1.49B	N/A	0.00%	N/A	N/A	N/A	N/A
XCUR	EXICURE INC	$4.33M	N/A	0.00%	N/A	N/A	N/A	N/A
EHC	ENCOMPASS HEALTH CORP	$8.40B	0.72%	16.00%	$0.1500	$0.60	13%	1	2024-07-01	2024-07-15
DHR	DANAHER CORP	$182.83B	0.43%	17.60%	$0.2700	$1.05	6%	2
AXSM	AXSOME THERAPEUTICS INC	$3.51B	N/A	0.00%	N/A	N/A	N/A	N/A
FULC	FULCRUM THERAPEUTICS INC	$473.80M	N/A	0.00%	N/A	N/A	N/A	N/A
ZYME	ZYMEWORKS INC	$636.34M	N/A	0.00%	N/A	N/A	N/A	N/A
OSCR	OSCAR HEALTH INC	$4.16B	N/A	0.00%	N/A	N/A	N/A	N/A
ITGR	INTEGER HOLDINGS CORP	$3.68B	N/A	0.00%	N/A	N/A	N/A	N/A
ANIX	ANIXA BIOSCIENCES INC	$94.74M	N/A	0.00%	N/A	N/A	N/A	N/A
ITCI	INTRA-CELLULAR THERAPIES INC	$6.81B	N/A	0.00%	N/A	N/A	N/A	N/A
NVO	NOVO NORDISK A S	$559.33B	1.11%	47.80%	$0.9299	$1.37	20%	9
AGIO	AGIOS PHARMACEUTICALS INC	$1.96B	N/A	0.00%	N/A	N/A	N/A	N/A
NUTX	NUTEX HEALTH INC	$32.00M	N/A	0.00%	N/A	N/A	N/A	N/A
LEGN	LEGEND BIOTECH CORP	$8.36B	N/A	0.00%	N/A	N/A	N/A	N/A

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	681	+1.42%	+6.14%	-3.49%	-18.37%	7.63x	5.99x	+15.18%	+2.53%	-35.33%	+82.13%	Strong Buy
Diagnostics & Research	66	-0.30%	+0.61%	-4.87%	-1.02%	38.60x	4.16x	-23.26%	+6.41%	+11.02%	+11.32%	Buy
Drug Manufacturers - General	17	-1.19%	+2.40%	-1.41%	+12.84%	150.35x	6.19x	+34.83%	+8.28%	+14.44%	+14.49%	Buy
Drug Manufacturers - Specialty & Generic	90	+1.59%	+5.32%	+1.77%	-3.85%	32.91x	2.15x	+12.03%	+3.10%	+5.63%	+32.23%	Strong Buy
Healthcare Plans	12	+0.29%	-1.86%	+0.23%	-1.13%	19.75x	2.90x	+19.68%	+6.05%	+14.12%	+17.07%	Buy
Health Information Services	61	+0.54%	+1.75%	-4.53%	-22.22%	76.01x	3.21x	+6.57%	+2.11%	+5.20%	+35.77%	Buy
Medical Care Facilities	51	-0.21%	+1.36%	-4.24%	+7.14%	-7.58x	4.35x	-93.45%	+6.66%	+13.90%	+18.12%	Buy
Medical Devices	154	+1.23%	+3.00%	-0.85%	-12.65%	28.83x	3.68x	+10.48%	+5.30%	+7.76%	+20.08%	Buy
Medical Distribution	9	-0.42%	-2.84%	-3.75%	+31.13%	26.33x	108.21x	-8.56%	+3.45%	+18.82%	+9.17%	Buy
Medical Instruments & Supplies	56	-0.01%	+2.38%	-0.51%	-11.81%	56.28x	3.55x	+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.