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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
EVOK
EVOKE PHARMA INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$4.11M$0.495.90%-$7.16M-0.21x-3.74
ALVR
ALLOVIR INC
NASDAQ
Biotechnology
$91.67M$0.80-0.99%-$182.25M-0.44x0.31
TRML
TOURMALINE BIO INC
NASDAQ
Biotechnology
$406.24M$15.84-0.50%-$41.97M-1.79x0.03
GLTO
GALECTO INC
NASDAQ
Biotechnology
$18.98M$0.70-2.37%-$30.04M-0.61x0.15
RCKT
ROCKET PHARMACEUTICALS INC
NASDAQ
Biotechnology
$2.12B$23.473.07%-$236.62M-8.04x0.15
SRZN
SURROZEN INC
NASDAQ
Biotechnology
$31.99M$10.00-0.99%-$39.86M-0.47x0.22
CHEK
CHECK-CAP LTD
NASDAQ
Diagnostics & Research
$12.87M$2.20-2.22%-$19.08M-0.73x0.06
GOVX
GEOVAX LABS INC
NASDAQ
Biotechnology
$3.50M$1.6113.38%-$25.89M-0.11x0.61
ONCT
ONCTERNAL THERAPEUTICS INC
NASDAQ
Biotechnology
$25.88M$8.750.00%-$39.31M-0.65x0.22
RAPT
RAPT THERAPEUTICS INC
NASDAQ
Biotechnology
$289.86M$8.332.52%-$113.25M-2.73x0.18
TSBX
TURNSTONE BIOLOGICS CORP
NASDAQ
Biotechnology
$62.83M$2.724.21%-$52.69M-0.57x0.14
SLRN
ACELYRIN INC
NASDAQ
Biotechnology
$427.89M$4.352.35%-$381.37M-0.80x0.13
COYA
COYA THERAPEUTICS INC
NASDAQ
Biotechnology
$126.23M$8.68-1.14%-$7.24M-10.99x0.16
ELDN
ELEDON PHARMACEUTICALS INC
NASDAQ
Biotechnology
$59.80M$2.414.78%-$39.95M-1.47x0.07
FBRX
FORTE BIOSCIENCES INC
NASDAQ
Biotechnology
$25.99M$0.713.48%-$31.47M-0.71x0.10
IRON
DISC MEDICINE INC
NASDAQ
Biotechnology
$735.25M$29.792.72%-$75.94M-8.71x0.07
DRTS
ALPHA TAU MEDICAL LTD
NASDAQ
Biotechnology
$173.48M$2.495.96%-$21.53M-5.93x0.27
INZY
INOZYME PHARMA INC
NASDAQ
Biotechnology
$292.80M$4.741.94%-$66.51M-3.46x0.43
IRTC
IRHYTHM TECHNOLOGIES INC
NASDAQ
Medical Devices
$3.19B$102.68-7.40%-$100.13M-24.27x9.08
NMRA
NEUMORA THERAPEUTICS INC
NASDAQ
Biotechnology
$1.47B$9.250.33%-$231.63M-2.55x0.06
SGMT
SAGIMET BIOSCIENCES INC
NASDAQ
Biotechnology
$137.87M$4.32-2.92%-$27.74M-1.62x0.06
TLIS
TALIS BIOMEDICAL CORP
NASDAQ
Medical Devices
$289.92M$9.150.55%-$56.93M-0.27x0.37
AMED
AMEDISYS INC
NASDAQ
Medical Care Facilities
$3.01B$92.08-0.38%$122.91M-146.16x0.87
IMRX
IMMUNEERING CORP
NASDAQ
Biotechnology
$48.02M$1.645.13%-$52.71M-0.87x0.13
VIGL
VIGIL NEUROSCIENCE INC
NASDAQ
Biotechnology
$111.76M$3.0310.58%-$80.88M-1.42x0.21
REPL
REPLIMUNE GROUP INC
NASDAQ
Biotechnology
$426.65M$6.955.95%-$200.44M-2.20x0.26
SRRK
SCHOLAR ROCK HOLDING CORP
NASDAQ
Biotechnology
$1.20B$15.351.66%-$155.82M-7.71x0.38
VALN
VALNEVA SE
NASDAQ
Biotechnology
$535.51M$7.713.82%-$81.85M-4.86x2.59
ACLX
ARCELLX INC
NASDAQ
Biotechnology
$2.78B$52.69-1.13%-$44.26M-35.84x0.70
ACRV
ACRIVON THERAPEUTICS INC
NASDAQ
Biotechnology
$217.09M$9.5913.36%-$59.07M-3.50x0.14
ADIL
ADIAL PHARMACEUTICALS INC
NASDAQ
Biotechnology
$6.89M$1.70-5.03%-$5.12M-0.47x0.16
ABVX
ABIVAX SA
NASDAQ
Biotechnology
$914.99M$14.54-2.55%-$129.52M-3.90x0.67
AEZS
AETERNA ZENTARIS INC
NASDAQ
Biotechnology
$9.47M$7.80-2.99%-$16.38M-0.57x1.03
ANTX
AN2 THERAPEUTICS INC
NASDAQ
Biotechnology
$76.21M$2.560.79%-$64.68M-0.93x0.11
ASRT
ASSERTIO HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$97.85M$1.031.98%-$222.45M-0.22x1.08
ATPC
AGAPE ATP CORP
NASDAQ
Health Information Services
$21.09M$0.27-9.87%-$1.88M-9.13x0.31
CERT
CERTARA INC
NASDAQ
Health Information Services
$2.81B$17.60-0.06%$23.84M-50.29x0.49
CTXR
CITIUS PHARMACEUTICALS INC
NASDAQ
Biotechnology
$112.16M$0.71-0.28%-$37.41M-2.71x0.14
CYTO
ALTAMIRA THERAPEUTICS LTD
NASDAQ
Biotechnology
$2.42M$1.641.23%-$2.31M-0.19x0.19
DAWN
DAY ONE BIOPHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.50B$17.17-2.28%-$188.53M-7.24x0.09
GEHC
GE HEALTHCARE TECHNOLOGIES INC
NASDAQ
Health Information Services
$36.28B$79.472.11%$3.40B22.97x3.32
GHRS
GH RESEARCH PLC
NASDAQ
Biotechnology
$607.69M$11.684.38%-$31.27M-18.84x0.04
GRTS
GRITSTONE BIO INC
NASDAQ
Biotechnology
$94.44M$0.9610.69%-$112.80M-0.80x2.43
NUVL
NUVALENT INC
NASDAQ
Biotechnology
$4.51B$70.35-2.95%-$126.22M-32.42x0.05
ICUI
ICU MEDICAL INC
NASDAQ
Medical Instruments & Supplies
$2.41B$99.990.96%$267.60M-81.29x1.06
IONM
ASSURE HOLDINGS CORP
NASDAQ
Medical Care Facilities
$4.55M$0.51-4.36%-$24.78M-0.08x-1.49
IGC
IGC PHARMA INC
NYSEMKT
Biotechnology
$32.57M$0.51-1.73%-$13.52M-1.97x0.24
IONS
IONIS PHARMACEUTICALS INC
NASDAQ
Biotechnology
$6.12B$41.97-2.60%-$230.01M-16.39x6.73
MLSS
MILESTONE SCIENTIFIC INC
NYSEMKT
Medical Instruments & Supplies
$49.79M$0.65-6.61%-$6.90M-6.50x0.42
NKTR
NEKTAR THERAPEUTICS
NASDAQ
Biotechnology
$288.28M$1.57-5.99%-$243.11M-1.08x2.04
VBIV
VBI VACCINES INC
NASDAQ
Biotechnology
$16.78M$0.591.20%-$84.45M-0.10x10.55
JSPR
JASPER THERAPEUTICS INC
NASDAQ
Biotechnology
$369.37M$24.522.25%-$62.94M-3.97x0.21
PYXS
PYXIS ONCOLOGY INC
NASDAQ
Biotechnology
$254.62M$4.38-0.68%-$71.20M-2.37x0.38
LIPO
LIPELLA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$4.65M$0.74-0.80%-$4.61M-0.97x0.14
SOLV
SOLVENTUM CORP
NYSE
Medical Devices
N/A$64.65-0.75%$2.23BN/A0.20
TENX
TENAX THERAPEUTICS INC
NASDAQ
Biotechnology
$7.52M$3.841.32%-$7.68M-0.12x0.44
TCON
TRACON PHARMACEUTICALS INC
NASDAQ
Biotechnology
$4.23M$1.862.76%$3.75M-0.85x-13.49
UBX
UNITY BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$27.03M$1.61-1.23%-$36.23M-0.60x1.31
ULS
UL SOLUTIONS INC
NYSE
Diagnostics & Research
N/A$35.400.71%$519.00M27.23x3.15
OBIO
ORCHESTRA BIOMED HOLDINGS INC
NASDAQ
Biotechnology
$182.46M$5.10-8.11%-$48.20M-3.45x0.40
VKTX
VIKING THERAPEUTICS INC
NASDAQ
Biotechnology
$8.49B$76.971.60%-$93.43M-82.76x0.04
RLAY
RELAY THERAPEUTICS INC
NASDAQ
Biotechnology
$934.50M$7.04-0.56%-$323.65M-2.67x0.13
RBOT
VICARIOUS SURGICAL INC
NYSE
Medical Devices
$45.64M$0.312.99%-$58.36M-0.82x0.25
TRDA
ENTRADA THERAPEUTICS INC
NASDAQ
Biotechnology
$442.19M$13.16-2.95%$14.90M-65.80x0.94
ATIP
ATI PHYSICAL THERAPY INC
NYSE
Medical Care Facilities
$19.49M$4.633.58%$79.15M-0.15x-8.70
NVRO
NEVRO CORP
NYSE
Medical Devices
$410.93M$11.291.26%-$78.31M-4.41x1.17
TCBP
TC BIOPHARM (HOLDINGS) PLC
NASDAQ
Biotechnology
$4.66M$1.460.69%-$8.05M-0.06x2.33
ABUS
ARBUTUS BIOPHARMA CORP
NASDAQ
Biotechnology
$511.42M$2.711.12%-$72.66M-6.16x0.31
AVNS
AVANOS MEDICAL INC
NYSE
Medical Devices
$903.39M$19.68-0.15%$2.10M-14.80x0.35
AVTE
AEROVATE THERAPEUTICS INC
NASDAQ
Biotechnology
$565.34M$20.29-2.22%-$75.37M-7.07x0.16
ENTA
ENANTA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$320.94M$15.179.06%-$124.91M-2.31x1.23
GLUE
MONTE ROSA THERAPEUTICS INC
NASDAQ
Biotechnology
$283.37M$5.650.89%-$128.79M-2.15x0.70
IKT
INHIBIKASE THERAPEUTICS INC
NASDAQ
Biotechnology
$9.00M$1.393.73%-$18.85M-0.39x0.32
PLSE
PULSE BIOSCIENCES INC
NASDAQ
Medical Instruments & Supplies
$431.86M$7.82-2.86%-$42.37M-8.89x0.33
POAI
PREDICTIVE ONCOLOGY INC
NASDAQ
Medical Instruments & Supplies
$7.35M$1.816.47%-$13.24M-0.52x0.74
SEEL
SEELOS THERAPEUTICS INC
NASDAQ
Biotechnology
$4.64M$0.342.73%-$37.75M-0.04x-1.16
AIH
AESTHETIC MEDICAL INTERNATIONAL HOLDINGS GROUP LTD
NASDAQ
Medical Care Facilities
$19.57M$0.41-9.49%-$5.27M-3.53x10.78
GKOS
GLAUKOS CORP
NYSE
Medical Devices
$5.36B$106.511.41%-$87.67M-36.98x1.07
FNCH
FINCH THERAPEUTICS GROUP INC
NASDAQ
Biotechnology
$3.69M$2.30-7.63%-$75.60M-0.05x1.42
SENS
SENSEONICS HOLDINGS INC
NYSEMKT
Medical Devices
$267.99M$0.51-2.51%-$48.01M-4.59x1.81
TNXP
TONIX PHARMACEUTICALS HOLDING CORP
NASDAQ
Biotechnology
$15.46M$0.187.02%-$112.37M-0.03x0.46
RDHL
REDHILL BIOPHARMA LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$17.21M$0.45-0.22%$14.62M0.11x10.14
XAIR
BEYOND AIR INC
NASDAQ
Medical Devices
$46.85M$1.306.56%-$62.87M-0.61x1.37
EYEN
EYENOVIA INC
NASDAQ
Biotechnology
$47.86M$1.017.79%-$24.11M-1.53x2.20
TDOC
TELADOC HEALTH INC
NYSE
Health Information Services
$2.17B$12.78-1.62%$170.72M-9.06x0.89
SGMO
SANGAMO THERAPEUTICS INC
NASDAQ
Biotechnology
$99.47M$0.566.51%-$240.71M-0.38x1.00
GANX
GAIN THERAPEUTICS INC
NASDAQ
Biotechnology
$48.01M$2.961.02%-$22.10M-1.73x0.48
HROW
HARROW INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$367.06M$10.38-2.44%$9.95M-13.84x3.42
FENC
FENNEC PHARMACEUTICALS INC
NASDAQ
Biotechnology
$250.13M$9.231.54%-$12.65M-15.38x-3.31
NVCR
NOVOCURE LTD
NASDAQ
Medical Devices
$1.59B$14.784.16%-$203.08M-8.21x2.12
RNLX
RENALYTIX PLC
NASDAQ
Health Information Services
$34.98M$0.70-7.77%-$41.25M-0.78x-2.42
PYPD
POLYPID LTD
NASDAQ
Biotechnology
$8.17M$4.942.92%-$21.05M0.29x-8.33
BTAI
BIOXCEL THERAPEUTICS INC
NASDAQ
Biotechnology
$78.58M$2.570.39%-$165.42M-0.42x-2.30
MOR
MORPHOSYS AG
NASDAQ
Biotechnology
$2.69B$17.890.11%-$41.75M-11.90x40.31
IOVA
IOVANCE BIOTHERAPEUTICS INC
NASDAQ
Biotechnology
$3.81B$13.635.82%-$414.39M-7.21x0.34
CDMO
AVID BIOSERVICES INC
NASDAQ
Biotechnology
$523.71M$8.250.61%-$7.83M-29.46x1.53
AHCO
ADAPTHEALTH CORP
NASDAQ
Medical Devices
$1.36B$10.26-0.87%-$177.01M-2.03x2.09
LIVN
LIVANOVA PLC
NASDAQ
Medical Devices
$3.47B$64.151.95%-$4.95M-108.73x1.01
AVDL
AVADEL PHARMACEUTICALS PLC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.70B$18.822.84%-$149.13M-9.41x0.88
DRRX
DURECT CORP
NASDAQ
Drug Manufacturers - Specialty & Generic
$36.00M$1.1617.17%-$24.80M-1.10x2.06
1...789...12

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.