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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
STE
STERIS PLC
$20.70B9.10%5.10%7.80%12.80%0.782.4343.60%10.50%15.17%
BDX
BECTON DICKINSON & CO
$68.37B5.10%2.50%4.41%8.00%1.111.4141.20%6.70%10.48%
ANIP
ANI PHARMACEUTICALS INC
$1.42B4.30%2.00%6.17%7.90%1.033.5762.70%3.50%9.62%
KIDS
ORTHOPEDIATRICS CORP
$791.26M-5.60%-4.80%-5.42%-9.90%0.165.4474.80%-14.10%-14.46%
CPRX
CATALYST PHARMACEUTICALS INC
$1.77B19.80%16.50%23.98%190.70%0.212.8886.90%17.90%23.73%
HSTM
HEALTHSTREAM INC
$814.97M5.20%3.60%5.68%35.00%0.481.1766.10%6.30%7.75%
NEOG
NEOGEN CORP
$2.63B0.00%0.00%1.64%5.10%0.463.8251.00%0.20%7.80%
RMD
RESMED INC
$31.87B21.90%14.10%20.50%32.00%0.473.0455.80%20.90%27.02%
HOLX
HOLOGIC INC
$17.72B9.50%5.20%8.69%16.60%0.803.9749.90%11.80%17.03%
VREX
VAREX IMAGING CORP
$625.20M7.50%3.40%5.46%5.40%1.154.2332.40%4.90%7.00%
SY
SO-YOUNG INTERNATIONAL INC
$126.48M0.90%0.70%0.12%0.60%0.273.1963.70%1.40%0.21%
FTLF
FITLIFE BRANDS INC
$126.91M21.70%11.40%17.84%42.60%1.051.4240.70%10.00%15.23%
CRSP
CRISPR THERAPEUTICS AG
$4.58B-8.40%-7.00%-7.11%-8.10%0.1817.54100.00%-41.40%-40.60%
BSX
BOSTON SCIENTIFIC CORP
$106.66B9.30%5.10%7.62%13.10%0.831.6769.30%12.00%16.45%
FMS
FRESENIUS MEDICAL CARE AG
$12.57B3.60%1.40%4.40%5.10%1.401.4225.30%2.60%6.29%
USPH
U S PHYSICAL THERAPY INC
$1.60B6.40%2.90%5.55%12.30%0.722.2820.10%4.70%8.22%
CNMD
CONMED CORP
$2.18B10.10%3.60%7.08%9.60%1.702.1854.90%6.50%11.33%
ENSG
ENSIGN GROUP INC
$6.61B14.80%5.30%8.10%6.10%1.731.5315.70%5.70%7.57%
TMO
THERMO FISHER SCIENTIFIC INC
$218.93B13.30%6.20%9.61%15.50%1.131.7040.40%14.20%18.81%
IDXX
IDEXX LABORATORIES INC
$39.38B63.70%27.60%46.96%45.20%1.141.5760.10%23.30%30.21%
RDY
DR REDDYS LABORATORIES LTD
$12.47B21.40%14.70%26.18%31.30%0.392.4156.70%18.30%25.13%
ENZ
ENZO BIOCHEM INC
$54.81M53.70%32.60%43.30%151.90%0.403.20112.30%254.30%249.49%
KNSA
KINIKSA PHARMACEUTICALS LTD
$1.42B2.10%1.70%-4.73%-6.70%0.204.2187.80%2.90%-7.15%
DVA
DAVITA INC
$12.00B77.70%4.80%9.80%8.00%15.981.4332.40%6.60%11.79%
TFX
TELEFLEX INC
$9.47B6.80%4.00%5.78%12.40%0.662.5155.70%9.80%13.29%
ABBV
ABBVIE INC
$287.36B55.30%4.30%8.57%15.20%17.590.9462.30%11.00%16.91%
TFFP
TFF PHARMACEUTICALS INC
$5.44M-163.10%-144.80%-221.31%-476.70%0.263.13100.00%-2,894.70%-2,894.68%
SEER
SEER INC
$145.09M-20.90%-19.00%-20.39%-20.30%0.1025.0051.10%-517.80%-517.84%
PLX
PROTALIX BIOTHERAPEUTICS INC
$81.09M29.70%10.20%26.89%24.60%1.521.5464.90%12.70%15.97%
SOPH
SOPHIA GENETICS SA
$329.41M-47.40%-36.40%-48.35%-211.10%0.364.1668.80%-126.60%-132.20%
BWAY
BRAINSWAY LTD
$95.74M-10.00%-6.90%-5.24%-16.50%0.515.6873.90%-13.20%-8.77%
ATRC
ATRICURE INC
$1.07B-8.10%-6.20%-5.58%-12.90%0.304.0075.30%-9.00%-7.13%
ATR
APTARGROUP INC
$9.88B13.90%7.10%13.78%19.80%0.881.3036.50%8.80%12.60%
OCUP
OCUPHIRE PHARMA INC
$49.87M-22.30%-20.30%-19.99%-544.60%0.0813.35100.00%-52.40%-52.36%
MIRM
MIRUM PHARMACEUTICALS INC
$1.24B-88.60%-31.50%-26.33%-48.60%1.604.4574.80%-87.70%-79.04%
SNN
SMITH & NEPHEW PLC
$10.86B5.00%2.60%5.47%6.50%0.911.7868.80%4.70%7.60%
SWAV
SHOCKWAVE MEDICAL INC
$12.39B24.80%12.00%12.42%13.50%1.1913.8187.00%20.70%24.46%
DGX
QUEST DIAGNOSTICS INC
$15.07B13.30%6.20%10.77%16.40%1.160.9732.90%9.10%13.51%
LFWD
LIFEWARD LTD
$41.21M-40.10%-33.10%-43.09%-492.20%0.363.3332.10%-159.80%-159.85%
UHS
UNIVERSAL HEALTH SERVICES INC
$11.37B11.80%5.20%9.58%8.80%1.261.40100.00%5.00%8.02%
JAZZ
JAZZ PHARMACEUTICALS PLC
$6.92B9.20%2.90%5.32%7.30%2.062.2789.50%8.60%13.51%
SUPN
SUPERNUS PHARMACEUTICALS INC
$1.67B0.10%0.10%0.52%2.10%0.391.7086.20%0.20%0.85%
ADAG
ADAGENE INC
$101.91M-24.70%-14.10%-19.16%148.00%0.643.61100.00%-104.60%-89.15%
QGEN
QIAGEN NV
$9.53B9.20%5.60%9.88%15.00%0.611.8462.80%17.40%24.37%
THC
TENET HEALTHCARE CORP
$11.95B133.10%9.40%19.11%18.30%6.151.44100.00%12.50%21.47%
TECH
BIO-TECHNE CORP
$11.99B10.20%7.50%9.47%16.90%0.354.0866.80%17.60%21.10%
ELV
ELEVANCE HEALTH INC
$123.17B16.00%5.70%13.45%18.80%1.751.3817.50%3.60%5.29%
ATRI
ATRION CORP
$765.53M8.10%7.40%9.07%9.50%0.079.0936.80%11.50%13.30%
HAE
HAEMONETICS CORP
$4.84B14.40%6.20%8.78%11.40%1.332.9252.90%10.00%13.40%
SYK
STRYKER CORP
$124.00B18.40%8.70%12.07%17.60%1.061.7163.80%16.00%18.69%
SHC
SOTERA HEALTH CO
$3.20B13.10%1.80%9.20%7.80%6.133.2055.00%5.10%24.83%
DBVT
DBV TECHNOLOGIES SA
$129.22M-46.40%-35.30%-49.93%-670.90%0.314.26100.00%-462.40%-462.35%
QTRX
QUANTERIX CORP
$639.47M-9.20%-7.60%-12.28%-28.00%0.239.8457.70%-26.40%-38.78%
IDYA
IDEAYA BIOSCIENCES INC
$3.21B-23.00%-21.80%-18.15%-30.20%0.0519.65100.00%-483.00%-483.05%
VTAK
CATHETER PRECISION INC
$4.17M-32.10%-21.50%-26.67%547.80%0.510.8394.30%-1,559.70%-1,559.68%
STVN
STEVANATO GROUP SPA
$7.88B13.50%7.70%14.76%15.30%0.831.5031.30%13.40%20.35%
AXNX
AXONICS INC
$3.45B-2.60%-2.30%-2.09%-4.40%0.149.9675.20%-4.10%-3.60%
VTGN
VISTAGEN THERAPEUTICS INC
$124.86M-72.10%-61.30%-25.27%-922.40%0.0630.76100.00%-3,076.60%-3,076.34%
CRON
CRONOS GROUP INC
$1.01B-6.60%-6.40%-11.69%-22.10%0.0422.5413.70%-84.80%-147.21%
CLGN
COLLPLANT BIOTECHNOLOGIES LTD
$67.00M-22.20%-18.80%-24.33%-66.60%0.208.6281.80%-64.00%-68.55%
A
AGILENT TECHNOLOGIES INC
$41.21B21.20%11.50%15.26%24.30%0.772.6850.60%18.40%21.14%
PFE
PFIZER INC
$159.01B2.20%1.00%0.56%0.80%1.540.9157.30%3.60%1.72%
RNA
AVIDITY BIOSCIENCES INC
$2.10B-39.70%-35.00%-38.74%-50.00%0.267.58100.00%-2,219.90%-2,219.87%
RCM
R1 RCM INC
$5.36B0.10%0.10%3.21%6.30%0.801.8321.50%0.10%6.56%
IMMP
IMMUTEP LTD
$356.65M-42.10%-38.60%-34.53%-1,232.30%0.0717.24100.00%-602.00%-601.76%
AKLI
AKILI INC
$33.13M-78.50%-58.10%-84.67%-166.80%0.376.0251.20%-3,545.50%-3,401.79%
PRTA
PROTHENA CORP PUBLIC LTD CO
$1.28B-24.80%-20.20%-25.09%-963.10%0.2411.24100.00%-160.90%-175.64%
NSPR
INSPIREMD INC
$49.73M-55.70%-46.50%-47.69%-68.30%0.217.3429.10%-321.00%-319.92%
SIBN
SI-BONE INC
$594.61M-28.20%-20.50%-19.27%-22.70%0.369.0178.80%-31.20%-28.71%
FORA
FORIAN INC
$80.94M47.20%19.40%23.11%17.10%1.258.3873.30%54.20%58.72%
HYPR
HYPERFINE INC
$59.50M-44.90%-41.00%-51.78%-471.60%0.1210.1443.10%-401.00%-401.00%
MDWD
MEDIWOUND LTD
$174.29M-20.20%-10.10%-8.34%-11.80%1.104.5919.10%-35.90%-24.83%
LPCN
LIPOCINE INC
$26.15M-63.30%-58.30%-80.27%-76.90%0.138.69100.00%573.60%573.57%
AMGN
AMGEN INC
$160.65B58.60%4.10%10.24%10.00%17.521.4266.40%12.70%25.40%
INSP
INSPIRE MEDICAL SYSTEMS INC
$7.42B-3.90%-3.40%-3.32%-9.00%0.187.6084.50%-3.40%-3.19%
INM
INMED PHARMACEUTICALS INC
$1.55M-54.30%-46.20%-46.76%-379.90%0.197.0338.40%-115.80%-115.69%
GNFT
GENFIT SA
$175.92M-35.60%-14.80%-16.91%-30.40%1.562.94100.00%-75.70%-59.99%
ALGS
ALIGOS THERAPEUTICS INC
$61.29M-116.40%-75.40%-69.05%-1,017.50%0.655.90100.00%-564.60%-567.50%
GLYC
GLYCOMIMETICS INC
$20.37M-73.10%-64.40%-95.89%1,860.30%0.186.41100.00%-368,994.20%-368,994.20%
MASS
908 DEVICES INC
$193.81M-20.90%-17.10%-20.10%-67.30%0.218.3751.10%-68.60%-67.54%
RPID
RAPID MICRO BIOSYSTEMS INC
$37.59M-42.30%-35.70%-50.00%-50.20%0.216.93-22.60%-224.70%-242.76%
ORMP
ORAMED PHARMACEUTICALS INC
$100.89M3.60%2.90%4.52%4.20%0.353.06100.00%412.30%564.33%
KZR
KEZAR LIFE SCIENCES INC
$59.33M-45.90%-40.00%-49.30%-44.10%0.1811.66100.00%-1,455.30%-1,433.14%
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
$735.32M-10.10%-6.60%-12.80%-105.70%0.544.72100.00%-17.80%-26.67%
ACCD
ACCOLADE INC
$597.86M-22.50%-12.10%-15.36%-37.00%0.772.6446.40%-24.10%-25.23%
ALKS
ALKERMES PLC
$4.08B34.10%19.90%22.49%26.30%0.693.2085.30%25.20%21.69%
OSCR
OSCAR HEALTH INC
$4.36B-30.10%-6.80%-20.71%68.20%3.481.266.70%-4.60%-4.14%
XCUR
EXICURE INC
$4.30M34.50%13.10%20.31%25.00%0.812.56100.00%12.90%13.76%
LEGN
LEGEND BIOTECH CORP
$8.23B-44.60%-30.40%-30.53%-73.10%0.486.9249.40%-181.80%-174.76%
NVO
NOVO NORDISK A S
$561.90B91.80%29.90%84.19%133.20%2.020.7084.60%36.60%45.95%
ITGR
INTEGER HOLDINGS CORP
$3.74B6.60%3.30%5.72%8.40%1.043.3226.40%6.00%10.22%
ITCI
INTRA-CELLULAR THERAPIES INC
$6.87B-23.00%-19.40%-22.99%-26.70%0.235.4192.70%-30.10%-29.94%
EHC
ENCOMPASS HEALTH CORP
$8.51B30.40%8.10%13.86%11.60%2.201.3725.20%9.90%15.52%
MEDP
MEDPACE HOLDINGS INC
$12.42B59.70%19.70%42.66%-710.00%1.670.7828.00%15.90%18.24%
ZYME
ZYMEWORKS INC
$640.59M-28.40%-22.00%-25.73%-33.40%0.266.92100.00%-249.60%-253.36%
NUTX
NUTEX HEALTH INC
$33.44M-54.40%-10.50%-10.16%-5.70%5.191.5614.00%-18.50%-13.95%
DHR
DANAHER CORP
$183.25B8.30%5.20%7.07%19.20%0.561.8558.40%19.50%23.73%
AGIO
AGIOS PHARMACEUTICALS INC
$1.89B-41.40%-36.40%-44.19%-39.30%0.1412.8490.00%-1,199.30%-1,199.26%
FULC
FULCRUM THERAPEUTICS INC
$480.00M-36.60%-33.60%-39.89%-38.20%0.1017.71100.00%-3,470.10%-3,470.05%
PTGX
PROTAGONIST THERAPEUTICS INC
$1.52B-27.50%-25.30%-23.45%-83.60%0.0616.71100.00%-131.60%-131.59%

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
681-0.10%+4.37%-1.88%-19.33%7.54x6.05x+14.52%+2.50%-31.99%+80.65%Strong Buy
66+0.47%-0.04%-3.23%+1.62%38.56x4.23x-23.96%+6.32%+11.12%+10.22%Buy
17+1.17%+3.14%+1.61%+13.48%62.48x6.25x+34.40%+8.36%+14.55%+12.50%Buy
90+0.12%+2.36%+0.74%-4.41%33.38x2.15x+11.85%+3.07%+5.62%+31.34%Strong Buy
12+0.45%-0.17%-0.14%-1.26%19.76x2.91x+19.63%+6.04%+14.09%+16.72%Buy
61+0.60%+0.75%-4.68%-22.85%77.05x3.26x+6.62%+2.09%+5.12%+33.92%Buy
51+1.05%+1.79%-2.06%+8.37%-8.15x4.39x-93.28%+6.63%+13.88%+16.78%Buy
154+0.06%+2.77%-1.93%-11.52%27.44x3.70x+10.37%+5.25%+7.81%+19.24%Buy
9+0.61%-3.39%-4.05%+29.02%26.18x109.61x-9.15%+3.48%+18.94%+10.35%Buy
56+1.16%+1.68%-0.64%-10.06%57.03x3.56x+11.41%+7.79%+10.25%+19.22%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 -31.83% over the past year, underperforming other healthcare stocks by -24 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 21.72% from Cross Country Healthcare's current stock price of $16.02.

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 10.33% over the past year, overperforming other healthcare stocks by 18 percentage points.

3. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) 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. Corcept Therapeutics has seen its stock return 0.88% over the past year, overperforming other healthcare stocks by 9 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 69.66% from Corcept Therapeutics's current stock price of $23.97.

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.

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 54.69%, which is 52 percentage points higher than the healthcare sector average of 2.75%.

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 10.11%, which is 7 percentage points higher than the healthcare sector average of 2.75%.

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 8.72%, which is 6 percentage points higher than the healthcare sector average of 2.75%. 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 0.38% in the last day, and up 2.16% over the last week. Nrx Pharmaceuticals was the among the top gainers in the healthcare sector, gaining 45.71% yesterday.

NRx Pharmaceuticals shares are trading higher after the company announced a statistically significant safety advantage of NRX-101 compared to the standard of care comparator in its recently completed clinical trial in patients with suicidal bipolar depression and plans to seek accelerated approval of NRX-101.

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 -46.65% 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 -37.29% in the past year. It has underperformed other stocks in the healthcare sector by -29 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 10.33% in the past year. It has overperformed other stocks in the healthcare sector by 18 percentage points.

Are healthcare stocks a good buy now?

48.21% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.62% 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 38.43x.
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.