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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
OBIO
ORCHESTRA BIOMED HOLDINGS INC
NASDAQ
Biotechnology
$165.34M$4.62-3.95%-$49.94M-3.12x0.45
FTRE
FORTREA HOLDINGS INC
NASDAQ
Biotechnology
$2.49B$27.81-3.34%$194.70M-695.25x1.51
WGS
GENEDX HOLDINGS CORP
NASDAQ
Health Information Services
$627.92M$24.0213.52%-$104.53M-4.64x0.90
PHAT
PHATHOM PHARMACEUTICALS INC
NASDAQ
Biotechnology
$625.74M$10.692.69%-$196.07M-2.39x-3.40
LUCY
INNOVATIVE EYEWEAR INC
NASDAQ
Medical Instruments & Supplies
$3.50M$0.207.53%-$7.10M-0.33x0.23
SYBX
SYNLOGIC INC
NASDAQ
Biotechnology
$19.67M$1.68-2.33%-$68.01M-0.21x1.71
SYRS
SYROS PHARMACEUTICALS INC
NASDAQ
Biotechnology
$146.47M$5.48-0.54%-$137.32M-1.09x7.95
AUTL
AUTOLUS THERAPEUTICS PLC
NASDAQ
Biotechnology
$1.08B$4.073.56%-$152.71M-3.39x2.37
INCR
INTERCURE LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$143.33M$3.15-4.12%-$10.66M-8.66x0.72
BNGO
BIONANO GENOMICS INC
NASDAQ
Medical Instruments & Supplies
$74.21M$1.11-3.48%-$207.91M-0.18x0.91
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
NASDAQ
Medical Devices
$3.85M$1.52-3.18%-$8.84M-0.12x1.90
OMIC
SINGULAR GENOMICS SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$27.49M$0.37-2.37%-$87.96M-0.28x0.53
SEEL
SEELOS THERAPEUTICS INC
NASDAQ
Biotechnology
$5.09M$2.340.78%-$26.97M-0.07x-1.11
HRTX
HERON THERAPEUTICS INC
NASDAQ
Biotechnology
$485.10M$3.227.33%-$77.58M-5.46x-7.45
CMAX
CAREMAX INC
NASDAQ
Health Information Services
$10.53M$2.77-1.77%-$539.37M-0.02x29.10
HUGE
FSD PHARMA INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$12.74M$0.32-3.37%-$6.09M-1.66x0.33
FOLD
AMICUS THERAPEUTICS INC
NASDAQ
Biotechnology
$2.81B$9.50-1.66%-$80.95M-19.39x4.52
IMMX
IMMIX BIOPHARMA INC
NASDAQ
Biotechnology
$59.43M$2.25-4.26%-$18.15M-2.42x0.24
TSBX
TURNSTONE BIOLOGICS CORP
NASDAQ
Biotechnology
$63.14M$2.73-1.09%-$72.49M-0.30x0.18
CRVS
CORVUS PHARMACEUTICALS INC
NASDAQ
Biotechnology
$136.99M$2.19-1.35%-$24.74M-4.29x0.20
SGMT
SAGIMET BIOSCIENCES INC
NASDAQ
Biotechnology
$151.59M$4.752.81%-$27.78M-0.12x0.02
CMPS
COMPASS PATHWAYS PLC
NASDAQ
Medical Care Facilities
$546.36M$7.99-3.50%-$122.97M-3.40x0.19
LTRN
LANTERN PHARMA INC
NASDAQ
Biotechnology
$66.06M$6.14-3.00%-$17.36M-3.77x0.11
IRTC
IRHYTHM TECHNOLOGIES INC
NASDAQ
Medical Devices
$3.07B$98.70-1.88%-$100.13M-23.33x9.08
ACRV
ACRIVON THERAPEUTICS INC
NASDAQ
Biotechnology
$264.31M$8.56-1.04%-$62.67M-2.96x0.12
TYRA
TYRA BIOSCIENCES INC
NASDAQ
Biotechnology
$1.00B$19.103.58%-$75.05M-11.37x0.04
ADCT
ADC THERAPEUTICS SA
NYSE
Biotechnology
$338.71M$4.09-0.97%-$135.32M-1.48x-2.58
HOTH
HOTH THERAPEUTICS INC
NASDAQ
Biotechnology
$5.82M$1.192.59%-$7.70M-0.61x0.08
MBRX
MOLECULIN BIOTECH INC
NASDAQ
Biotechnology
$11.63M$5.032.24%-$26.70M-0.39x0.43
INDP
INDAPTUS THERAPEUTICS INC
NASDAQ
Biotechnology
$20.49M$2.405.73%-$14.98M-1.35x0.17
MLYS
MINERALYS THERAPEUTICS INC
NASDAQ
Biotechnology
$652.88M$13.150.61%-$90.79M-5.95x0.06
NNVC
NANOVIRICIDES INC
NYSEMKT
Biotechnology
$26.35M$2.2323.89%-$8.70M-2.72x0.08
PALI
PALISADE BIO INC
NASDAQ
Biotechnology
$6.06M$6.461.25%-$13.38M-0.27x0.26
DSGN
DESIGN THERAPEUTICS INC
NASDAQ
Biotechnology
$254.23M$4.50-0.22%-$58.10M-4.29x0.03
ETNB
89BIO INC
NASDAQ
Biotechnology
$882.50M$8.97-2.50%-$157.09M-4.46x0.13
KPTI
KARYOPHARM THERAPEUTICS INC
NASDAQ
Biotechnology
$133.60M$1.140.44%-$121.72M-0.89x-2.21
LBPH
LONGBOARD PHARMACEUTICALS INC
NASDAQ
Biotechnology
$797.43M$20.51-2.98%-$57.95M-9.16x0.04
ENVB
ENVERIC BIOSCIENCES INC
NASDAQ
Biotechnology
$6.98M$0.9014.21%-$14.66M-0.14x0.37
EWTX
EDGEWISE THERAPEUTICS INC
NASDAQ
Biotechnology
$1.70B$18.182.83%-$103.83M-11.73x0.04
RCKT
ROCKET PHARMACEUTICALS INC
NASDAQ
Biotechnology
$2.12B$23.40-1.10%-$239.76M-8.21x0.13
TERN
TERNS PHARMACEUTICALS INC
NASDAQ
Biotechnology
$397.12M$6.142.50%-$89.88M-4.87x0.04
NXGL
NEXGEL INC
NASDAQ
Medical Instruments & Supplies
$14.26M$2.292.74%-$2.64M-4.09x1.08
XWEL
XWELL INC
NASDAQ
Diagnostics & Research
$7.55M$1.81-1.90%-$21.66M-0.30x1.77
AVIR
ATEA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$311.63M$3.70-0.27%-$162.19M-1.89x0.10
CRMD
CORMEDIX INC
NASDAQ
Biotechnology
$285.79M$5.20-0.95%-$51.52M-5.59x0.17
GPCR
STRUCTURE THERAPEUTICS INC
NASDAQ
Biotechnology
$1.67B$35.88-0.53%-$96.01M-15.74x0.06
FBIO
FORTRESS BIOTECH INC
NASDAQ
Biotechnology
$35.05M$1.761.15%-$31.95M-0.29x7.32
PETQ
PETIQ INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$589.38M$19.811.02%$86.37M79.24x2.70
VIGL
VIGIL NEUROSCIENCE INC
NASDAQ
Biotechnology
$133.05M$3.541.58%-$80.95M-1.67x0.21
GH
GUARDANT HEALTH INC
NASDAQ
Diagnostics & Research
$3.21B$26.241.90%-$414.22M-6.63x23.96
IMVT
IMMUNOVANT INC
NASDAQ
Biotechnology
$4.57B$31.481.78%-$242.72M-17.20x0.05
IVVD
INVIVYD INC
NASDAQ
Biotechnology
$292.32M$2.45-0.41%-$204.77M-1.31x0.21
HBIO
HARVARD BIOSCIENCE INC
NASDAQ
Medical Instruments & Supplies
$149.40M$3.44-0.29%$2.18M-17.20x0.94
ELDN
ELEDON PHARMACEUTICALS INC
NASDAQ
Biotechnology
$107.82M$2.8011.78%-$39.47M-2.03x0.08
AMED
AMEDISYS INC
NASDAQ
Medical Care Facilities
$3.10B$94.95-0.57%$122.91M-150.71x0.87
XERS
XERIS BIOPHARMA HOLDINGS INC
NASDAQ
Biotechnology
$299.48M$2.022.02%-$24.73M-4.39x-37.68
ACHL
ACHILLES THERAPEUTICS PLC
NASDAQ
Biotechnology
$37.59M$0.92-0.54%-$59.22M-0.57x0.12
HLVX
HILLEVAX INC
NASDAQ
Biotechnology
$774.16M$15.573.11%-$138.33M-4.72x0.32
AVAH
AVEANNA HEALTHCARE HOLDINGS INC
NASDAQ
Medical Care Facilities
$509.80M$2.65-2.57%$80.83M-4.42x-13.04
SRZN
SURROZEN INC
NASDAQ
Biotechnology
$32.47M$10.15-0.02%-$34.43M-0.55x0.22
BDTX
BLACK DIAMOND THERAPEUTICS INC
NASDAQ
Biotechnology
$294.76M$5.24-3.68%-$79.39M-3.16x0.37
CGTX
COGNITION THERAPEUTICS INC
NASDAQ
Biotechnology
$77.71M$1.94-0.51%-$28.49M-2.11x0.35
HEPA
HEPION PHARMACEUTICALS INC
NASDAQ
Biotechnology
$6.79M$1.247.83%-$49.26M-0.10x1.49
TARA
PROTARA THERAPEUTICS INC
NASDAQ
Biotechnology
$77.01M$3.740.81%-$42.12M-1.00x0.17
ZURA
ZURA BIO LTD
NASDAQ
Biotechnology
$261.56M$6.0015.61%-$58.52M-4.35x0.27
BMRA
BIOMERICA INC
NASDAQ
Medical Devices
$10.21M$0.61-0.33%-$5.94M-1.64x0.33
CABA
CABALETTA BIO INC
NASDAQ
Biotechnology
$609.25M$12.62-0.55%-$72.37M-7.34x0.09
ITOS
ITEOS THERAPEUTICS INC
NASDAQ
Biotechnology
$646.60M$17.90-0.33%-$129.70M-4.74x0.16
VTYX
VENTYX BIOSCIENCES INC
NASDAQ
Biotechnology
$351.09M$4.9818.85%-$191.39M-1.54x0.08
LABP
LANDOS BIOPHARMA INC
NASDAQ
Biotechnology
$69.71M$22.300.00%-$23.79M-5.59x0.29
CGEM
CULLINAN THERAPEUTICS INC
NASDAQ
Biotechnology
$1.37B$23.81-10.89%-$146.16M-7.61x0.06
BCRX
BIOCRYST PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.34B$6.471.73%-$101.68M-6.05x-1.98
ATIP
ATI PHYSICAL THERAPY INC
NYSE
Medical Care Facilities
$21.93M$4.991.84%$90.46M-0.17x-7.42
PEPG
PEPGEN INC
NASDAQ
Biotechnology
$442.49M$13.65-1.23%-$78.88M-4.21x0.16
SNSE
SENSEI BIOTHERAPEUTICS INC
NASDAQ
Biotechnology
$39.88M$1.596.71%-$29.05M-1.31x0.14
OLMA
OLEMA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$540.32M$9.66-1.93%-$97.72M-4.81x0.12
MNOV
MEDICINOVA INC
NASDAQ
Biotechnology
$70.14M$1.43-4.03%-$8.19M-8.41x0.05
NURO
NEUROMETRIX INC
NASDAQ
Medical Devices
$8.25M$4.10-2.15%-$7.91M-0.65x0.10
APLT
APPLIED THERAPEUTICS INC
NASDAQ
Biotechnology
$485.64M$4.25-3.41%-$193.21M-2.31x1.25
ADTX
ADITXT INC
NASDAQ
Biotechnology
$3.35M$2.01-1.95%-$27.64M-0.02x1.78
AQST
AQUESTIVE THERAPEUTICS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$298.61M$3.281.86%-$17.12M-7.63x-4.57
ANNX
ANNEXON INC
NASDAQ
Biotechnology
$402.92M$4.36-3.11%-$117.42M-2.99x0.16
ORIC
ORIC PHARMACEUTICALS INC
NASDAQ
Biotechnology
$608.15M$9.02-3.11%-$100.72M-4.98x0.07
KTTA
PASITHEA THERAPEUTICS CORP
NASDAQ
Biotechnology
$6.78M$6.50-2.26%-$15.64M-0.47x0.13
NUVB
NUVATION BIO INC
NYSE
Biotechnology
$842.85M$3.413.33%-$68.73M-10.66x0.03
ATHE
ALTERITY THERAPEUTICS LTD
NASDAQ
Biotechnology
$11.32M$2.02-0.98%N/A-0.90x0.26
PCSA
PROCESSA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$5.72M$2.00-0.99%-$9.74M-0.31x0.12
PASG
PASSAGE BIO INC
NASDAQ
Biotechnology
$82.60M$1.344.69%-$80.89M-0.88x0.34
FBRX
FORTE BIOSCIENCES INC
NASDAQ
Biotechnology
$22.96M$0.63-1.56%-$32.13M-0.72x0.12
PMVP
PMV PHARMACEUTICALS INC
NASDAQ
Biotechnology
$110.60M$2.15-0.46%-$64.02M-1.62x0.11
RVNC
REVANCE THERAPEUTICS INC
NASDAQ
Biotechnology
$330.06M$3.16-4.53%-$287.87M-0.87x-6.15
THAR
THARIMMUNE INC
NASDAQ
Biotechnology
$4.34M$0.371.94%-$8.87M-0.16x0.26
IRON
DISC MEDICINE INC
NASDAQ
Biotechnology
$789.12M$31.920.19%-$80.07M-9.44x0.05
ANTX
AN2 THERAPEUTICS INC
NASDAQ
Biotechnology
$67.71M$2.270.00%-$65.99M-0.89x0.10
DRTS
ALPHA TAU MEDICAL LTD
NASDAQ
Biotechnology
$186.02M$2.670.75%-$21.53M-6.36x0.27
RZLT
REZOLUTE INC
NASDAQ
Biotechnology
$102.75M$2.56-3.40%-$57.66M-2.25x0.24
ABCL
ABCELLERA BIOLOGICS INC
NASDAQ
Biotechnology
$1.11B$3.782.16%-$138.09M-7.27x0.30
MIST
MILESTONE PHARMACEUTICALS INC
NASDAQ
Biotechnology
$93.21M$1.751.16%-$51.60M-1.40x1.41
APGE
APOGEE THERAPEUTICS INC
NASDAQ
Biotechnology
$3.14B$53.750.84%-$103.17M-10.24x0.03
SNDX
SYNDAX PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.78B$20.92-4.65%-$239.53M-6.48x0.10
1...678...12

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
679-0.04%+0.91%+3.56%-18.59%8.43x6.06x+18.39%+3.73%-27.83%+76.96%Strong Buy
64-0.44%+7.25%+11.82%+11.92%38.80x4.48x-13.29%+6.45%+11.46%+4.67%Buy
18-1.13%+1.15%+7.58%+17.63%31.18x6.42x+33.58%+8.09%+14.21%+10.87%Buy
88+0.20%+1.16%+5.36%-1.14%-1.18x2.20x+12.32%+3.31%+5.98%+31.51%Strong Buy
12+0.46%+1.09%+5.04%+5.89%25.41x3.05x+15.18%+4.74%+11.78%+12.50%Buy
61+0.42%+0.73%-1.16%-19.05%5.93x3.31x+6.57%+2.11%+5.22%+27.52%Buy
51-1.02%+0.20%+4.10%+11.73%40.97x4.60x-92.21%+6.56%+13.62%+14.66%Buy
150-0.36%+1.22%+1.80%-12.40%30.63x4.00x+7.26%+5.26%+8.15%+19.56%Buy
10+0.42%+0.06%-0.15%+26.26%26.60x106.30x-10.85%+3.43%+19.53%+10.05%Buy
56-1.50%+2.24%+5.10%-6.26%59.50x3.63x+11.22%+7.71%+10.03%+17.89%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 46 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Cross Country Healthcare has seen its stock lose -40.6% over the past year, underperforming other healthcare stocks by -36 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 32.38% from Cross Country Healthcare's current stock price of $14.73.

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. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the second best healthcare stock with a Zen Score of 67, which is 43 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 13.38% over the past year, overperforming other healthcare stocks by 18 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 47.67% from Corcept Therapeutics's current stock price of $27.54.

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

3. Kamada (NASDAQ:KMDA)


Kamada (NASDAQ:KMDA) is the third best healthcare stock with a Zen Score of 65, which is 41 points higher than the healthcare sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Kamada has seen its stock return 14.6% over the past year, overperforming other healthcare stocks by 20 percentage points.

Kamada has an average 1 year price target of $11.00, an upside of 101.65% from Kamada's current stock price of $5.46.

Kamada stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Kamada, 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 70 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Fresenius Medical Care Ag (NYSE:FMS)


Fresenius Medical Care Ag (NYSE:FMS) has an annual dividend yield of N/A, which is N/A percentage points lower than the healthcare sector average of 2.04%. Fresenius Medical Care Ag's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Fresenius Medical Care Ag's dividend has shown consistent growth over the last 10 years.

Fresenius Medical Care Ag's dividend payout ratio of 69.7% indicates that its dividend yield is sustainable for the long-term.

2. Spok Holdings (NASDAQ:SPOK)


Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 8.16%, which is 6 percentage points higher than the healthcare sector average of 2.04%. 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.

3. Sanofi (NASDAQ:SNY)


Sanofi (NASDAQ:SNY) has an annual dividend yield of 8.07%, which is 6 percentage points higher than the healthcare sector average of 2.04%. Sanofi's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Sanofi's dividend has shown consistent growth over the last 10 years.

Sanofi's dividend payout ratio of 82.1% indicates that its high dividend yield is sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down -0.37% in the last day, and up 2.06% over the last week. Eyenovia was the among the top losers in the healthcare sector, dropping -22.55% yesterday.

Eyenovia shares are trading lower after the company reported worse-than-expected 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 -43.46% in the past year. It has underperformed other stocks in the healthcare sector by -38 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 -23.65% in the past year. It has underperformed other stocks in the healthcare sector by -19 percentage points.

3. Cross Country Healthcare (NASDAQ:CCRN)


Cross Country Healthcare (NASDAQ:CCRN) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Cross Country Healthcare 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.

Cross Country Healthcare's stock has dropped -40.6% in the past year. It has underperformed other stocks in the healthcare sector by -36 percentage points.

Are healthcare stocks a good buy now?

49.83% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 32.27% 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 27.2x.
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.