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 Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
CCRN	CROSS COUNTRY HEALTHCARE INC	$579.68M	$16.67	$20.25	21.48%	Buy	4	-7.56%	74.51%	N/A	N/A
SMLR	SEMLER SCIENTIFIC INC	$189.84M	$27.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PGNY	PROGYNY INC	$3.06B	$31.72	$47.00	48.17%	Strong Buy	4	19.15%	20.24%	N/A	N/A
CORT	CORCEPT THERAPEUTICS INC	$2.55B	$24.52	$40.67	65.85%	Strong Buy	3	13.38%	24.89%	N/A	N/A
INCY	INCYTE CORP	$12.07B	$53.76	$74.92	39.37%	Buy	13	10.20%	41.93%	N/A	N/A
AMLX	AMYLYX PHARMACEUTICALS INC	$137.60M	$2.03	$11.00	441.87%	Buy	5	-49.09%	142.34%	N/A	N/A
HRMY	HARMONY BIOSCIENCES HOLDINGS INC	$1.79B	$31.57	$39.80	26.07%	Hold	5	15.57%	38.33%	N/A	N/A
INMD	INMODE LTD	$1.49B	$17.64	$27.00	53.06%	Buy	3	4.98%	N/A	N/A	N/A
PBYI	PUMA BIOTECHNOLOGY INC	$234.44M	$4.86	$7.00	44.03%	Buy	1	2.23%	67.87%	N/A	N/A
BMRN	BIOMARIN PHARMACEUTICAL INC	$15.65B	$82.44	$100.90	22.39%	Buy	10	11.14%	81.99%	N/A	N/A
NBIX	NEUROCRINE BIOSCIENCES INC	$14.16B	$140.71	$155.69	10.64%	Strong Buy	16	14.50%	35.79%	N/A	N/A
GILD	GILEAD SCIENCES INC	$80.70B	$64.78	$80.42	24.14%	Buy	12	1.90%	15.64%	N/A	N/A
JNJ	JOHNSON & JOHNSON	$359.25B	$149.27	$176.88	18.49%	Buy	8	4.57%	-9.18%	41.90%	17.06%
EXEL	EXELIXIS INC	$6.38B	$21.90	$27.25	24.43%	Buy	8	7.84%	56.43%	N/A	N/A
LNTH	LANTHEUS HOLDINGS INC	$5.24B	$75.53	$99.17	31.29%	Strong Buy	6	6.68%	N/A	N/A	N/A
VYGR	VOYAGER THERAPEUTICS INC	$478.39M	$8.81	$20.50	132.69%	Strong Buy	4	-25.11%	N/A	N/A	N/A
SIGA	SIGA TECHNOLOGIES INC	$721.58M	$10.15	N/A	N/A	N/A	N/A	36.23%	-24.21%	N/A	N/A
PCRX	PACIRA BIOSCIENCES INC	$1.27B	$27.21	$48.50	78.24%	Buy	6	7.37%	90.49%	N/A	N/A
MOH	MOLINA HEALTHCARE INC	$19.91B	$339.68	$411.75	21.22%	Buy	8	10.07%	23.41%	N/A	N/A
AMPH	AMPHASTAR PHARMACEUTICALS INC	$2.04B	$42.46	$61.50	44.84%	Buy	2	14.78%	-11.88%	N/A	N/A
HALO	HALOZYME THERAPEUTICS INC	$5.06B	$39.91	$54.17	35.72%	Buy	6	15.95%	48.53%	N/A	N/A
SEM	SELECT MEDICAL HOLDINGS CORP	$4.09B	$31.43	$32.50	3.40%	Buy	2	3.19%	55.23%	N/A	N/A
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$336.90M	$14.28	N/A	N/A	N/A	N/A	11.61%	N/A	N/A	N/A
CNC	CENTENE CORP	$39.92B	$74.81	$91.13	21.81%	Buy	8	-0.29%	41.84%	N/A	N/A
HCM	HUTCHMED (CHINA) LTD	$3.34B	$19.15	$19.55	2.09%	Buy	2	4.03%	33.58%	N/A	N/A
GMAB	GENMAB A	$19.65B	$29.72	$45.00	51.41%	Buy	4	19.20%	37.91%	N/A	N/A
UTHR	UNITED THERAPEUTICS CORP	$11.64B	$262.40	$317.17	20.87%	Buy	6	6.94%	6.59%	N/A	N/A
VMD	VIEMED HEALTHCARE INC	$317.03M	$8.18	N/A	N/A	N/A	N/A	N/A	N/A	14.29%	10.51%
ASTH	ASTRANA HEALTH INC	$2.08B	$37.46	$48.00	28.14%	Strong Buy	3	19.24%	N/A	N/A	N/A
WST	WEST PHARMACEUTICAL SERVICES INC	$26.59B	$365.02	$460.33	26.11%	Strong Buy	3	5.52%	27.97%	N/A	N/A
KMDA	KAMADA LTD	$330.51M	$5.75	$11.00	91.30%	Buy	1	15.57%	50.54%	N/A	N/A
MDT	MEDTRONIC PLC	$108.47B	$81.69	$94.00	15.07%	Buy	5	4.40%	57.47%	N/A	N/A
MCK	MCKESSON CORP	$69.50B	$528.86	$560.22	5.93%	Strong Buy	9	10.70%	25.95%	N/A	N/A
STAA	STAAR SURGICAL CO	$2.22B	$45.51	$43.40	-4.64%	Buy	5	11.06%	139.79%	N/A	N/A
ROIV	ROIVANT SCIENCES LTD	$9.18B	$11.39	$17.11	50.23%	Strong Buy	9	76.07%	N/A	N/A	N/A
COLL	COLLEGIUM PHARMACEUTICAL INC	$1.20B	$37.51	$38.60	2.91%	Strong Buy	5	-0.28%	N/A	N/A	N/A
TGTX	TG THERAPEUTICS INC	$2.50B	$16.19	$31.20	92.71%	Strong Buy	5	37.59%	139.09%	N/A	N/A
NSYS	NORTECH SYSTEMS INC	$42.71M	$15.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
RPRX	ROYALTY PHARMA PLC	$16.97B	$28.41	$46.75	64.55%	Strong Buy	4	11.31%	34.87%	N/A	N/A
SLP	SIMULATIONS PLUS INC	$933.30M	$46.70	$51.00	9.21%	Buy	1	20.59%	35.55%	N/A	N/A
OSUR	ORASURE TECHNOLOGIES INC	$405.14M	$5.49	$6.83	24.46%	Buy	3	-52.28%	N/A	N/A	N/A
AMN	AMN HEALTHCARE SERVICES INC	$2.26B	$59.53	$75.25	26.41%	Buy	4	-6.41%	27.89%	N/A	N/A
CHE	CHEMED CORP	$8.50B	$561.65	$681.00	21.25%	Buy	2	6.58%	17.98%	N/A	N/A
UTMD	UTAH MEDICAL PRODUCTS INC	$243.77M	$67.92	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CAH	CARDINAL HEALTH INC	$24.09B	$98.91	$115.00	16.27%	Buy	8	3.43%	80.78%	N/A	N/A
COR	CENCORA INC	$44.67B	$223.95	$249.50	11.41%	Buy	6	5.64%	27.41%	N/A	N/A
VEEV	VEEVA SYSTEMS INC	$32.82B	$203.45	$239.59	17.76%	Buy	17	13.93%	24.04%	N/A	N/A
ADUS	ADDUS HOMECARE CORP	$1.59B	$98.20	$102.00	3.87%	Hold	4	6.34%	N/A	N/A	N/A
HUM	HUMANA INC	$38.63B	$320.54	$403.12	25.76%	Buy	17	3.24%	57.24%	N/A	N/A
ALGN	ALIGN TECHNOLOGY INC	$21.67B	$287.87	$337.14	17.12%	Buy	7	8.51%	49.07%	N/A	N/A
MEIP	MEI PHARMA INC	$20.39M	$3.06	$7.00	128.76%	Hold	1	-42.12%	N/A	N/A	N/A
DXCM	DEXCOM INC	$51.05B	$128.37	$150.25	17.04%	Strong Buy	8	16.69%	5.36%	N/A	N/A
SNY	SANOFI	$123.98B	$49.01	$55.00	12.22%	Hold	1	5.25%	35.94%	N/A	N/A
ZBH	ZIMMER BIOMET HOLDINGS INC	$25.03B	$121.66	$134.73	10.74%	Hold	11	4.30%	25.03%	N/A	N/A
LMAT	LEMAITRE VASCULAR INC	$1.66B	$74.22	$77.00	3.75%	Strong Buy	3	8.57%	9.48%	N/A	N/A
HSIC	HENRY SCHEIN INC	$8.71B	$67.78	$80.11	18.19%	Buy	9	6.18%	49.68%	N/A	N/A
AZN	ASTRAZENECA PLC	$236.71B	$76.35	$83.50	9.36%	Strong Buy	2	7.15%	42.12%	N/A	N/A
DOCS	DOXIMITY INC	$4.49B	$24.09	$27.88	15.71%	Hold	8	10.95%	33.42%	N/A	N/A
PODD	INSULET CORP	$12.20B	$174.43	$224.67	28.80%	Buy	6	17.37%	14.90%	N/A	N/A
IRMD	IRADIMED CORP	$566.09M	$44.70	$65.00	45.41%	Strong Buy	1	8.03%	N/A	N/A	N/A
CVS	CVS HEALTH CORP	$70.18B	$55.90	$76.42	36.70%	Buy	12	4.49%	47.46%	N/A	N/A
ZYXI	ZYNEX INC	$349.53M	$11.00	$18.00	63.64%	Buy	2	20.20%	336.36%	N/A	N/A
PRVA	PRIVIA HEALTH GROUP INC	$2.22B	$18.74	$26.50	41.41%	Strong Buy	10	9.92%	51.83%	N/A	N/A
LLY	ELI LILLY & CO	$698.52B	$734.97	$824.73	12.21%	Strong Buy	15	19.35%	46.03%	N/A	N/A
GMED	GLOBUS MEDICAL INC	$7.03B	$51.95	$63.00	21.27%	Buy	6	22.07%	35.47%	N/A	N/A
UNH	UNITEDHEALTH GROUP INC	$454.01B	$492.45	$567.64	15.27%	Strong Buy	14	7.04%	12.66%	39.39%	12.77%
EW	EDWARDS LIFESCIENCES CORP	$51.32B	$85.25	$91.73	7.60%	Buy	11	8.50%	25.85%	N/A	N/A
ABT	ABBOTT LABORATORIES	$184.23B	$105.90	$127.67	20.55%	Strong Buy	6	5.56%	23.81%	N/A	N/A
BRKR	BRUKER CORP	$9.64B	$70.05	$85.67	22.30%	Buy	6	8.94%	0.00%	N/A	N/A
FONR	FONAR CORP	$109.45M	$16.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PDCO	PATTERSON COMPANIES INC	$2.30B	$25.66	$32.20	25.49%	Hold	5	3.37%	23.15%	N/A	N/A
BIIB	BIOGEN INC	$31.67B	$217.51	$287.67	32.25%	Buy	21	0.63%	31.34%	N/A	N/A
MDXG	MIMEDX GROUP INC	$1.09B	$7.37	$12.33	67.34%	Strong Buy	3	14.13%	14.96%	N/A	N/A
BNTX	BIONTECH SE	$22.04B	$92.72	$114.71	23.72%	Hold	7	-10.53%	36.84%	N/A	N/A
ICLR	ICON PLC	$25.55B	$309.02	$344.38	11.44%	Strong Buy	8	6.04%	31.77%	N/A	N/A
NVS	NOVARTIS AG	$198.47B	$97.27	$115.00	18.23%	Hold	2	1.87%	2.37%	N/A	N/A
PEN	PENUMBRA INC	$8.07B	$208.55	$280.50	34.50%	Strong Buy	6	17.30%	-24.53%	N/A	N/A
REGN	REGENERON PHARMACEUTICALS INC	$105.45B	$957.00	$1.02k	6.19%	Buy	14	7.52%	5.74%	N/A	N/A
GSK	GSK PLC	$87.96B	$43.50	$46.00	5.75%	Buy	2	5.32%	39.53%	N/A	N/A
ISRG	INTUITIVE SURGICAL INC	$135.27B	$381.36	$407.80	6.93%	Strong Buy	15	13.23%	-11.57%	N/A	N/A
VNDA	VANDA PHARMACEUTICALS INC	$280.78M	$4.88	N/A	N/A	N/A	N/A	13.15%	102.06%	N/A	N/A
BTMD	BIOTE CORP	$447.93M	$6.01	$8.39	39.57%	Strong Buy	4	13.91%	140.57%	N/A	N/A
RMD	RESMED INC	$31.88B	$216.98	$209.14	-3.61%	Buy	7	4.44%	14.85%	N/A	N/A
DCGO	DOCGO INC	$376.06M	$3.61	$9.50	163.16%	Strong Buy	5	0.62%	315.76%	N/A	N/A
STRR	STAR EQUITY HOLDINGS INC	$14.26M	$0.90	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ZTS	ZOETIS INC	$76.23B	$167.07	$212.20	27.01%	Strong Buy	5	5.75%	11.99%	N/A	N/A
SRPT	SAREPTA THERAPEUTICS INC	$12.63B	$133.66	$161.33	20.70%	Strong Buy	12	27.68%	153.38%	N/A	N/A
PINC	PREMIER INC	$2.46B	$20.53	$24.50	19.34%	Buy	3	1.68%	52.55%	N/A	N/A
ALC	ALCON INC	$39.25B	$79.57	$92.07	15.71%	Strong Buy	9	5.99%	32.06%	N/A	N/A
TALK	TALKSPACE INC	$535.42M	$3.17	$3.00	-5.36%	Hold	1	28.43%	N/A	45.55%	38.00%
OPCH	OPTION CARE HEALTH INC	$5.18B	$29.81	$38.00	27.47%	Strong Buy	2	8.22%	-36.86%	N/A	N/A
CI	CIGNA GROUP	$97.01B	$341.50	$379.85	11.23%	Strong Buy	13	7.62%	69.93%	N/A	N/A
RVTY	REVVITY INC	$12.43B	$100.61	$118.89	18.17%	Buy	9	4.45%	21.89%	N/A	N/A
MMSI	MERIT MEDICAL SYSTEMS INC	$4.59B	$78.97	$91.88	16.34%	Buy	8	4.15%	58.92%	N/A	N/A
SPRO	SPERO THERAPEUTICS INC	$87.81M	$1.63	$7.00	329.45%	Buy	1	-31.99%	N/A	N/A	N/A
STE	STERIS PLC	$20.54B	$207.82	$245.75	18.25%	Strong Buy	4	7.11%	52.45%	N/A	N/A
NHC	NATIONAL HEALTHCARE CORP	$1.40B	$91.47	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BDX	BECTON DICKINSON & CO	$67.82B	$234.68	$285.00	21.44%	Strong Buy	4	4.69%	92.42%	N/A	N/A
SCYX	SCYNEXIS INC	$66.82M	$1.77	N/A	N/A	N/A	N/A	-15.26%	N/A	N/A	N/A
BNOX	BIONOMICS LIMITED	$11.09M	$0.96	$8.00	733.33%	Buy	1	22,893.66%	N/A	-45,044.89%	-33,660.38%

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	681	+1.07%	+6.00%	-2.53%	-18.30%	6.05x	6.01x	+14.40%	+2.29%	-33.91%	+80.46%	Strong Buy
Diagnostics & Research	66	+0.85%	+0.70%	-4.26%	-0.73%	38.44x	4.21x	-23.57%	+6.35%	+11.16%	+10.51%	Buy
Drug Manufacturers - General	17	+0.84%	+2.91%	-0.54%	+12.68%	148.07x	6.24x	+33.79%	+8.12%	+14.24%	+13.81%	Buy
Drug Manufacturers - Specialty & Generic	90	-0.21%	+4.09%	+0.45%	-3.63%	33.76x	2.15x	+11.91%	+3.10%	+5.65%	+32.15%	Strong Buy
Healthcare Plans	12	+0.01%	-1.01%	-0.15%	-0.05%	19.70x	2.90x	+19.64%	+6.04%	+14.10%	+17.24%	Buy
Health Information Services	61	+0.46%	+1.33%	-3.77%	-22.81%	75.59x	3.24x	+6.63%	+2.09%	+5.13%	+34.77%	Buy
Medical Care Facilities	51	+0.10%	+2.08%	-4.18%	+7.39%	-7.32x	4.34x	-93.77%	+6.64%	+13.89%	+17.87%	Buy
Medical Devices	154	+0.93%	+3.67%	-0.50%	-12.74%	27.79x	3.71x	+10.38%	+5.26%	+7.71%	+19.09%	Buy
Medical Distribution	9	-1.40%	-4.69%	-6.08%	+30.95%	26.17x	109.10x	-8.59%	+3.48%	+18.93%	+10.93%	Buy
Medical Instruments & Supplies	56	+0.43%	+1.57%	-1.02%	-12.24%	56.77x	3.54x	+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.