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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
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
AXSM
AXSOME THERAPEUTICS INC
$3.54B$74.80$125.7368.08%Strong Buy1153.06%N/AN/AN/A
EHC
ENCOMPASS HEALTH CORP
$8.38B$83.21$92.0010.56%Strong Buy68.02%-6.91%N/AN/A
TLRY
TILRAY BRANDS INC
$1.63B$2.10$2.00-4.76%Hold18.75%N/AN/AN/A
HQY
HEALTHEQUITY INC
$6.77B$78.55$99.0026.03%Strong Buy913.89%83.40%N/AN/A
ARGX
ARGENX SE
$22.98B$388.20$511.6731.80%Strong Buy15339.17%N/AN/AN/A
MRUS
MERUS NV
$2.80B$48.36$64.6033.58%Strong Buy543.95%N/AN/AN/A
MHUA
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD
$16.35M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
SLGL
SOL-GEL TECHNOLOGIES LTD
$23.68M$0.85$9.00958.82%Buy175.66%N/AN/AN/A
COO
COOPER COMPANIES INC
$18.02B$90.64$112.8224.47%Strong Buy75.61%77.01%N/AN/A
FUSN
FUSION PHARMACEUTICALS INC
$1.82B$21.45$20.25-5.59%Hold896.93%N/AN/AN/A
FATE
FATE THERAPEUTICS INC
$402.90M$4.06$7.1375.49%Hold892.56%N/AN/AN/A
ACIU
AC IMMUNE SA
$237.08M$2.39$16.00569.46%Buy189.72%N/AN/AN/A
XBIO
XENETIC BIOSCIENCES INC
$6.58M$4.27N/AN/AN/AN/A-6.64%N/AN/AN/A
ZOM
ZOMEDICA CORP
$142.09M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
RXST
RXSIGHT INC
$2.28B$61.68$54.83-11.10%Strong Buy632.26%N/AN/AN/A
MRK
MERCK & CO INC
$322.94B$127.51$133.674.83%Strong Buy97.08%326.36%78.27%27.57%
AGL
AGILON HEALTH INC
$1.98B$4.83$10.15110.23%Buy1330.98%N/AN/AN/A
CVRX
CVRX INC
$192.95M$9.22$16.6080.04%Strong Buy538.69%N/AN/AN/A
DCPH
DECIPHERA PHARMACEUTICALS INC
$2.05B$25.38$23.24-8.43%Hold530.92%N/AN/AN/A
ZVRA
ZEVRA THERAPEUTICS INC
$208.88M$4.81$15.00211.85%Buy192.47%N/AN/AN/A
VERV
VERVE THERAPEUTICS INC
$536.00M$6.41$37.50485.02%Strong Buy216.20%N/AN/AN/A
LH
LABORATORY CORP OF AMERICA HOLDINGS
$16.97B$201.32$245.5021.95%Buy65.12%113.65%N/AN/A
MRKR
MARKER THERAPEUTICS INC
$37.57M$4.22$11.00160.66%Strong Buy1272.67%N/AN/AN/A
CLNN
CLENE INC
$55.87M$0.44$6.001,279.31%Strong Buy2103.75%N/AN/AN/A
JANX
JANUX THERAPEUTICS INC
$3.35B$64.78$58.14-10.25%Strong Buy7131.99%N/AN/AN/A
AMS
AMERICAN SHARED HOSPITAL SERVICES
$18.80M$2.97N/AN/AN/AN/AN/AN/AN/AN/A
AMGN
AMGEN INC
$166.99B$311.29$321.823.38%Buy115.52%43.72%N/AN/A
MASI
MASIMO CORP
$7.25B$137.00$136.67-0.24%Buy64.44%159.37%N/AN/A
FLGT
FULGENT GENETICS INC
$643.37M$21.50$30.0039.53%Hold25.61%N/AN/AN/A
WAT
WATERS CORP
$19.02B$321.25$300.83-6.36%Hold63.45%29.72%N/AN/A
IGMS
IGM BIOSCIENCES INC
$591.98M$10.07$15.6755.58%Buy6250.10%N/AN/AN/A
AEMD
AETHLON MEDICAL INC
$3.64M$1.39$10.00619.42%Buy185.26%N/AN/AN/A
TRAW
TRAWS PHARMA INC
$13.38M$0.64N/AN/AN/AN/AN/AN/AN/AN/A
MTD
METTLER TOLEDO INTERNATIONAL INC
$26.89B$1,251.95$1.18k-6.15%Hold53.63%29.61%N/AN/A
NYXH
NYXOAH SA
$279.86M$9.76$20.60111.07%Strong Buy5177.09%N/AN/AN/A
PROC
PROCAPS GROUP SA
$318.16M$2.82N/AN/AN/AN/AN/AN/AN/AN/A
CALT
CALLIDITAS THERAPEUTICS AB
$595.80M$20.00$50.00150.00%Buy163.07%N/AN/AN/A
ITOS
ITEOS THERAPEUTICS INC
$417.93M$11.66$33.33185.87%Strong Buy3120.33%N/AN/AN/A
BRNS
BARINTHUS BIOTHERAPEUTICS PLC
$84.85M$2.18$8.00266.97%Buy149.52%N/AN/AN/A
SERA
SERA PROGNOSTICS INC
$351.82M$10.85N/AN/AN/AN/A47.06%N/AN/AN/A
SPRY
ARS PHARMACEUTICALS INC
$940.89M$9.75$18.5089.74%Buy21,785.77%N/AN/AN/A
TOI
ONCOLOGY INSTITUTE INC
$79.51M$1.07$2.50133.64%Strong Buy127.23%N/AN/AN/A
RVMD
REVOLUTION MEDICINES INC
$6.62B$40.20$41.102.24%Strong Buy1047.70%N/AN/AN/A
CSTL
CASTLE BIOSCIENCES INC
$671.68M$24.33$31.0027.41%Strong Buy4-5.28%N/AN/AN/A
HCSG
HEALTHCARE SERVICES GROUP INC
$796.85M$10.82$14.5034.01%Buy42.13%N/AN/AN/A
SPRB
SPRUCE BIOSCIENCES INC
$30.61M$0.74$5.40625.81%Buy584.64%N/AN/AN/A
EYPT
EYEPOINT PHARMACEUTICALS INC
$983.66M$19.74$37.7591.24%Strong Buy4N/AN/AN/AN/A
TECH
BIO-TECHNE CORP
$12.15B$77.29$80.714.43%Strong Buy76.42%29.33%N/AN/A
NNOX
NANO-X IMAGING LTD
$539.94M$9.35$18.0092.62%Strong Buy1N/AN/AN/AN/A
ALT
ALTIMMUNE INC
$517.54M$7.30$15.00105.48%Buy3313.34%N/AN/AN/A
RCEL
AVITA MEDICAL INC
$224.93M$8.75$23.00162.86%Strong Buy246.21%N/AN/AN/A
RYTM
RHYTHM PHARMACEUTICALS INC
$2.63B$43.76$52.2519.40%Strong Buy463.39%N/AN/AN/A
PRE
PRENETICS GLOBAL LTD
$63.83M$5.23$9.0072.08%Strong Buy1N/AN/A-3.55%-2.88%
TMDX
TRANSMEDICS GROUP INC
$4.22B$127.99$112.00-12.49%Strong Buy731.06%N/AN/AN/A
OTRK
ONTRAK INC
$11.25M$0.24$4.001,594.92%Strong Buy152.25%N/AN/AN/A
SBFM
SUNSHINE BIOPHARMA INC
$835.40k$0.84N/AN/AN/AN/AN/AN/AN/AN/A
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC
$16.56M$0.77$1.3576.01%Buy12,539.97%N/AN/AN/A
TXG
10X GENOMICS INC
$3.29B$27.48$43.0056.48%Buy913.68%N/AN/AN/A
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$2.26B$28.89$45.4057.15%Buy55.97%75.57%N/AN/A
BGNE
BEIGENE LTD
$16.98B$162.25$232.0042.99%Strong Buy426.07%N/AN/AN/A
PLRX
PLIANT THERAPEUTICS INC
$842.14M$13.98$46.67233.81%Buy345.40%N/AN/AN/A
INNV
INNOVAGE HOLDING CORP
$549.03M$4.04$6.5060.89%Hold28.39%N/AN/AN/A
IQV
IQVIA HOLDINGS INC
$40.70B$223.37$265.6718.94%Strong Buy95.95%30.00%N/AN/A
SAGE
SAGE THERAPEUTICS INC
$838.94M$13.94$19.5340.12%Hold1546.85%N/AN/AN/A
LXRX
LEXICON PHARMACEUTICALS INC
$428.45M$1.74N/AN/AN/AN/A335.13%N/AN/AN/A
IMCR
IMMUNOCORE HOLDINGS PLC
$3.00B$60.23$80.8834.28%Strong Buy811.97%N/AN/AN/A
VCYT
VERACYTE INC
$1.53B$20.35$27.3334.31%Hold310.33%N/AN/AN/A
ZLAB
ZAI LAB LTD
$1.61B$16.25$59.83268.20%Strong Buy350.57%N/AN/AN/A
OCS
OCULIS HOLDING AG
$469.12M$12.80$30.50138.28%Strong Buy4201.96%N/AN/AN/A
VRDN
VIRIDIAN THERAPEUTICS INC
$966.62M$15.40$34.43123.56%Buy7504.64%N/AN/AN/A
EDAP
EDAP TMS SA
$264.92M$7.14$9.0026.05%Strong Buy113.42%N/AN/AN/A
CMRX
CHIMERIX INC
$85.42M$0.95$11.001,054.25%Buy11,036.37%N/AN/AN/A
APRE
APREA THERAPEUTICS INC
$29.05M$5.35$15.50189.72%Buy20.95%N/AN/AN/A
QSI
QUANTUM-SI INC
$260.86M$1.84$4.00117.39%Buy1182.41%N/AN/AN/A
IFRX
INFLARX NV
$81.26M$1.38$8.00479.71%Buy1799.80%N/AN/AN/A
IMTX
IMMATICS NV
$911.76M$10.77N/AN/AN/AN/A13.76%N/AN/AN/A
MREO
MEREO BIOPHARMA GROUP PLC
$457.24M$3.26$6.5099.39%Strong Buy2999.90%N/AN/AN/A
KRRO
KORRO BIO INC
$467.20M$58.24$126.25116.78%Strong Buy4N/AN/AN/AN/A
AXGN
AXOGEN INC
$253.05M$5.79$11.5098.62%Strong Buy210.75%N/AN/AN/A
RGEN
REPLIGEN CORP
$9.33B$167.05$209.2525.26%Strong Buy49.92%316.19%N/AN/A
BEAM
BEAM THERAPEUTICS INC
$1.89B$23.13$42.2982.82%Buy7-50.54%N/AN/AN/A
OPRX
OPTIMIZERX CORP
$193.11M$10.62$15.0041.24%Buy441.02%N/AN/AN/A
PSNL
PERSONALIS INC
$77.78M$1.54$3.75143.51%Strong Buy222.09%N/AN/AN/A
NRBO
NEUROBO PHARMACEUTICALS INC
$18.54M$3.78N/AN/AN/AN/AN/AN/AN/AN/A
ALHC
ALIGNMENT HEALTHCARE INC
$1.27B$6.63$7.8318.14%Hold619.53%N/AN/AN/A
CASI
CASI PHARMACEUTICALS INC
$37.39M$2.80$12.00329.34%Buy161.96%N/AN/AN/A
LQDA
LIQUIDIA CORP
$972.40M$12.79$21.6068.88%Buy5118.22%N/AN/AN/A
LUNG
PULMONX CORP
$381.17M$9.82$16.0062.93%Strong Buy517.95%N/AN/AN/A
PRPO
PRECIPIO INC
$8.30M$5.80N/AN/AN/AN/AN/AN/AN/AN/A
CTKB
CYTEK BIOSCIENCES INC
$813.73M$6.22$9.0044.69%Strong Buy415.72%N/AN/AN/A
SRDX
SURMODICS INC
$463.31M$32.49$57.0075.44%Buy20.97%N/AN/AN/A
GRFS
GRIFOLS SA
$4.52B$6.57$10.5059.82%Hold17.84%1,064.95%13.50%3.67%
ACB
AURORA CANNABIS INC
$320.76M$6.74N/AN/AN/AN/A14.35%N/AN/AN/A
YMAB
Y-MABS THERAPEUTICS INC
$750.78M$17.15$24.3341.88%Strong Buy314.09%N/AN/AN/A
BLUE
BLUEBIRD BIO INC
$98.40M$0.90$5.71534.78%Hold8150.43%N/AN/AN/A
EMBC
EMBECTA CORP
$584.43M$10.15$16.0057.64%Strong Sell10.09%111.64%N/AN/A
ELMD
ELECTROMED INC
$159.20M$18.50N/AN/AN/AN/AN/AN/AN/AN/A
SILK
SILK ROAD MEDICAL INC
$794.46M$20.28$21.606.51%Buy510.85%N/AN/AN/A
HLTH
CUE HEALTH INC
$22.19M$0.14$0.50257.14%Hold141.25%N/AN/AN/A
CRBU
CARIBOU BIOSCIENCES INC
$340.49M$3.77$21.50470.29%Buy2-26.72%N/AN/AN/A

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
681+1.07%+6.00%-2.53%-18.30%6.05x6.01x+14.40%+2.29%-33.91%+80.46%Strong Buy
66+0.85%+0.70%-4.26%-0.73%38.44x4.21x-23.57%+6.35%+11.16%+10.51%Buy
17+0.84%+2.91%-0.54%+12.68%148.07x6.24x+33.79%+8.12%+14.24%+13.81%Buy
90-0.21%+4.09%+0.45%-3.63%33.76x2.15x+11.91%+3.10%+5.65%+32.15%Strong Buy
12+0.01%-1.01%-0.15%-0.05%19.70x2.90x+19.64%+6.04%+14.10%+17.24%Buy
61+0.46%+1.33%-3.77%-22.81%75.59x3.24x+6.63%+2.09%+5.13%+34.77%Buy
51+0.10%+2.08%-4.18%+7.39%-7.32x4.34x-93.77%+6.64%+13.89%+17.87%Buy
154+0.93%+3.67%-0.50%-12.74%27.79x3.71x+10.38%+5.26%+7.71%+19.09%Buy
9-1.40%-4.69%-6.08%+30.95%26.17x109.10x-8.59%+3.48%+18.93%+10.93%Buy
56+0.43%+1.57%-1.02%-12.24%56.77x3.54x+11.45%+7.81%+10.28%+19.60%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 -22.25% over the past year, underperforming other healthcare stocks by -14 percentage points.

Cross Country Healthcare has an average 1 year price target of $20.25, an upside of 21.48% from Cross Country Healthcare's current stock price of $16.67.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Cross Country Healthcare, 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.

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 1.39% over the past year, overperforming other healthcare stocks by 10 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 -6.98% over the past year, overperforming other healthcare stocks by 1 percentage points.

Progyny has an average 1 year price target of $47.00, an upside of 48.17% from Progyny's current stock price of $31.72.

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 2.79%.

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 10.34%, which is 8 percentage points higher than the healthcare sector average of 2.79%.

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 8.69%, which is 6 percentage points higher than the healthcare sector average of 2.79%. 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 0.65% in the last day, and up 2.85% over the last week. Twist Bioscience was the among the top gainers in the healthcare sector, gaining 28.74% yesterday.

Twist Bioscience shares are trading higher after the company reported better-than-expected Q2 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 -47.67% in the past year. It has underperformed other stocks in the healthcare sector by -39 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 -36.9% in the past year. It has underperformed other stocks in the healthcare sector by -28 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 gained 1.39% in the past year. It has overperformed other stocks in the healthcare sector by 10 percentage points.

Are healthcare stocks a good buy now?

48.04% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.99% 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 68.89x.
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.