WallStreetZenWallStreetZen

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
MMA
ALTA GLOBAL GROUP LTD
N/A$4.54N/AN/AN/AN/AN/AN/AN/AN/A
GRTX
GALERA THERAPEUTICS INC
$10.66M$0.20N/AN/AN/AN/AN/AN/AN/AN/A
YS
YS BIOPHARMA CO LTD
$91.01M$0.98N/AN/AN/AN/AN/AN/AN/AN/A
ELTX
ELICIO THERAPEUTICS INC
$103.22M$10.05$10.00-0.50%Buy1N/AN/AN/AN/A
ZVSA
ZYVERSA THERAPEUTICS INC
$3.75M$4.49$240.005,248.79%Buy1N/AN/AN/AN/A
ELAN
ELANCO ANIMAL HEALTH INC
$8.49B$17.19$18.336.65%Buy64.31%N/AN/AN/A
AONC
AMERICAN ONCOLOGY NETWORK INC
$110.68M$3.01N/AN/AN/AN/AN/AN/AN/AN/A
BIOL
BIOLASE INC
$5.31M$0.16$2.201,283.65%Buy2N/AN/AN/AN/A
APTO
APTOSE BIOSCIENCES INC
$19.25M$1.18$11.33860.42%Strong Buy3N/AN/AN/AN/A
MTEM
MOLECULAR TEMPLATES INC
$9.55M$1.45N/AN/AN/AN/A-35.73%N/AN/AN/A
SHPH
SHUTTLE PHARMACEUTICALS HOLDINGS INC
$6.73M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
ISPC
ISPECIMEN INC
$2.40M$0.24N/AN/AN/AN/AN/AN/AN/AN/A
BTSG
BRIGHTSPRING HEALTH SERVICES INC
$1.97B$11.47$15.9439.01%Strong Buy9N/AN/AN/AN/A
MYMD
MYMD PHARMACEUTICALS INC
$5.42M$2.35N/AN/AN/AN/AN/AN/AN/AN/A
TEVA
TEVA PHARMACEUTICAL INDUSTRIES LTD
$18.45B$16.29$15.00-7.92%Strong Buy71.67%N/AN/AN/A
ENGN
ENGENE HOLDINGS INC
$565.69M$12.98$34.40165.02%Strong Buy5N/AN/AN/AN/A
ANVS
ANNOVIS BIO INC
$92.83M$8.31$19.33132.65%Buy3N/AN/AN/AN/A
AXDX
ACCELERATE DIAGNOSTICS INC
$19.45M$0.88$1.0013.38%Hold11.08%N/AN/AN/A
EHAB
ENHABIT INC
$413.78M$8.25$9.4414.40%Hold44.38%N/AN/AN/A
RANI
RANI THERAPEUTICS HOLDINGS INC
$263.19M$5.22$11.00110.73%Strong Buy4N/AN/AN/AN/A
RENB
RENOVARO INC
$143.08M$0.97N/AN/AN/AN/AN/AN/AN/AN/A
RNXT
RENOVORX INC
$32.81M$1.37$4.00191.97%Strong Buy1N/AN/AN/AN/A
KA
KINETA INC
$5.54M$0.45$8.001,669.91%Buy1N/AN/AN/AN/A
VERO
VENUS CONCEPT INC
$3.95M$0.62N/AN/AN/AN/AN/AN/AN/A-11.20%
NUWE
NUWELLIS INC
$4.68M$0.26N/AN/AN/AN/AN/AN/A-83,626.36%-11,109.18%
PMN
PROMIS NEUROSCIENCES INC
$34.98M$1.85N/AN/AN/AN/AN/AN/AN/AN/A
SOLV
SOLVENTUM CORP
$10.77B$62.38$69.6711.68%Hold3N/AN/AN/AN/A
CADL
CANDEL THERAPEUTICS INC
$342.06M$11.50N/AN/AN/AN/AN/AN/AN/AN/A
OPGN
OPGEN INC
$4.61M$0.46N/AN/AN/AN/AN/AN/AN/AN/A
DRMA
DERMATA THERAPEUTICS INC
$1.87M$4.20N/AN/AN/AN/AN/AN/AN/AN/A
CTNM
CONTINEUM THERAPEUTICS INC
$398.71M$15.50$28.0080.65%Strong Buy3N/AN/AN/AN/A
EFTR
EFFECTOR THERAPEUTICS INC
$9.13M$1.94$24.001,137.11%Buy1N/AN/AN/AN/A
CPHI
CHINA PHARMA HOLDINGS INC
$5.21M$0.33N/AN/AN/AN/AN/AN/AN/AN/A
ITRM
ITERUM THERAPEUTICS PLC
$23.34M$1.41$6.00325.53%Buy1N/AN/AN/AN/A
MOVE
MOVANO INC
$41.66M$0.42N/AN/AN/AN/AN/AN/AN/AN/A
NRXP
NRX PHARMACEUTICALS INC
$37.88M$3.54N/AN/AN/AN/AN/AN/AN/AN/A
TTOO
T2 BIOSYSTEMS INC
$49.59M$5.64$3.00-46.81%Hold1N/AN/AN/AN/A
HCWB
HCW BIOLOGICS INC
$41.61M$1.10N/AN/AN/AN/AN/AN/AN/AN/A
QLGN
QUALIGEN THERAPEUTICS INC
$1.85M$0.29N/AN/AN/AN/AN/AN/AN/A-2,171.48%
CNSP
CNS PHARMACEUTICALS INC
$2.57M$0.22N/AN/AN/AN/AN/AN/AN/AN/A
ALZN
ALZAMEND NEURO INC
$4.35M$0.63N/AN/AN/AN/AN/AN/AN/AN/A
CNTG
CENTOGENE NV
$10.21M$0.37N/AN/AN/AN/AN/AN/AN/AN/A
BPTH
BIO-PATH HOLDINGS INC
$3.54M$2.14$40.001,769.16%Strong Buy2N/AN/AN/AN/A
WINT
WINDTREE THERAPEUTICS INC
$2.66M$4.49$18.00300.89%Hold1N/AN/AN/AN/A
COCH
ENVOY MEDICAL INC
$60.96M$3.11$6.0092.93%Strong Buy11.01%N/AN/AN/A
NRSN
NEUROSENSE THERAPEUTICS LTD
$18.61M$1.21N/AN/AN/AN/AN/AN/AN/AN/A
AMRX
AMNEAL PHARMACEUTICALS INC
$2.11B$6.82$8.2520.97%Strong Buy44.58%N/AN/AN/A
LIFW
MSP RECOVERY INC
$107.43M$0.77N/AN/AN/AN/AN/AN/AN/AN/A
ARMP
ARMATA PHARMACEUTICALS INC
$93.64M$2.59$7.00170.27%Buy1N/AN/AN/AN/A
IVA
INVENTIVA SA
$197.73M$3.79$22.33488.64%Strong Buy3-1.30%N/AN/AN/A
AGEN
AGENUS INC
$228.05M$10.86$70.00544.57%Strong Buy216.71%N/AN/AN/A
FBLG
FIBROBIOLOGICS INC
$371.36M$11.35N/AN/AN/AN/AN/AN/AN/AN/A
CUTR
CUTERA INC
$44.56M$2.22$10.00350.45%Strong Buy1-5.67%N/AN/AN/A
ALLR
ALLARITY THERAPEUTICS INC
$11.25M$0.64N/AN/AN/AN/AN/AN/AN/AN/A
OKYO
OKYO PHARMA LTD
$38.84M$1.52$7.00360.53%Buy1N/AN/AN/AN/A
AKTX
AKARI THERAPEUTICS PLC
$24.09M$1.52N/AN/AN/AN/AN/AN/AN/AN/A
LSDI
LUCY SCIENTIFIC DISCOVERY INC
$2.58M$1.46N/AN/AN/AN/AN/AN/AN/AN/A
MAIA
MAIA BIOTECHNOLOGY INC
$72.28M$3.31N/AN/AN/AN/AN/AN/AN/AN/A
ONCO
ONCONETIX INC
$3.48M$0.16N/AN/AN/AN/AN/AN/AN/AN/A
OTLK
OUTLOOK THERAPEUTICS INC
$182.10M$7.78$50.20545.24%Strong Buy7N/AN/AN/AN/A
GALT
GALECTIN THERAPEUTICS INC
$200.74M$3.23$11.00240.56%Buy1N/AN/AN/AN/A
ONMD
ONEMEDNET CORP
$11.09M$0.47N/AN/AN/AN/AN/AN/AN/AN/A
VINC
VINCERX PHARMA INC
$20.41M$0.69N/AN/AN/AN/AN/AN/AN/AN/A
BGXX
BRIGHT GREEN CORP
$43.74M$0.23N/AN/AN/AN/AN/AN/AN/AN/A
HCTI
HEALTHCARE TRIANGLE INC
$3.61M$0.78N/AN/AN/AN/AN/AN/AN/AN/A
BOLD
BOUNDLESS BIO INC
$215.20M$9.67$23.00137.85%Strong Buy3N/AN/AN/AN/A
PACS
PACS GROUP INC
$4.17B$28.21$31.009.89%Strong Buy6N/AN/AN/AN/A
ICU
SEASTAR MEDICAL HOLDING CORP
$29.11M$0.39N/AN/AN/AN/AN/AN/AN/AN/A
BCTX
BRIACELL THERAPEUTICS CORP
$22.21M$1.39$18.001,194.96%Buy1N/AN/AN/AN/A
XFOR
X4 PHARMACEUTICALS INC
$155.85M$0.93$3.00223.28%Buy2N/AN/AN/AN/A
AMIX
AUTONOMIX MEDICAL INC
$46.98M$2.50N/AN/AN/AN/AN/AN/AN/AN/A
MDAI
SPECTRAL AI INC
$30.59M$1.75$4.00128.57%Strong Buy1N/AN/AN/AN/A
CDT
CONDUIT PHARMACEUTICALS INC
$219.27M$2.97N/AN/AN/AN/AN/AN/AN/AN/A
CERO
CERO THERAPEUTICS HOLDINGS INC
$16.57M$1.10N/AN/AN/AN/AN/AN/AN/AN/A
ERNA
ETERNA THERAPEUTICS INC
$10.82M$2.00N/AN/AN/AN/AN/AN/AN/AN/A
AEON
AEON BIOPHARMA INC
$59.86M$1.53$6.00292.16%Buy1N/AN/AN/AN/A
RVPH
REVIVA PHARMACEUTICALS HOLDINGS INC
$46.62M$1.67$18.501,007.78%Buy2N/AN/AN/AN/A
BCLI
BRAINSTORM CELL THERAPEUTICS INC
$36.44M$0.52N/AN/AN/AN/AN/AN/AN/AN/A
CLDI
CALIDI BIOTHERAPEUTICS INC
$11.61M$0.23$2.00777.19%Buy2N/AN/AN/AN/A
NKGN
NKGEN BIOTECH INC
$25.54M$1.12N/AN/AN/AN/AN/AN/AN/AN/A
PBM
PSYENCE BIOMEDICAL LTD
$11.65M$0.87N/AN/AN/AN/AN/AN/AN/AN/A
INKT
MINK THERAPEUTICS INC
$35.07M$1.01$9.00791.09%Buy1N/AN/AN/AN/A
NUVO
LAMF GLOBAL VENTURES CORP I
$23.80M$1.80N/AN/AN/AN/AN/AN/AN/AN/A
TVGN
TEVOGEN BIO HOLDINGS INC
$134.98M$0.82N/AN/AN/AN/AN/AN/AN/AN/A
DHAI
DIH HOLDING US INC
$65.68M$1.62N/AN/AN/AN/AN/AN/AN/AN/A
NIVF
NEWGENIVF GROUP LTD
$9.36M$1.13N/AN/AN/AN/AN/AN/AN/AN/A
OCEA
OCEAN BIOMEDICAL INC
$60.10M$1.76N/AN/AN/AN/AN/AN/AN/AN/A
ALUR
ALLURION TECHNOLOGIES INC
$84.87M$1.77$5.00182.49%Strong Buy26.60%N/AN/AN/A

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
679-0.70%+1.84%+3.96%-19.69%8.47x6.01x+18.62%+3.83%-27.52%+77.73%Strong Buy
64-0.44%+1.56%+12.99%+11.25%38.96x4.47x-13.18%+6.48%+11.49%+5.02%Buy
18-0.03%+1.66%+7.51%+18.11%31.85x6.42x+33.60%+8.10%+14.22%+11.01%Buy
87-0.75%+1.10%+5.60%-1.99%-1.01x2.20x+12.36%+3.36%+6.05%+32.29%Strong Buy
12+0.52%+1.22%+4.66%+4.46%25.53x3.07x+15.18%+4.74%+11.78%+11.78%Buy
61+0.25%+2.04%-0.03%-19.66%9.15x3.33x+6.71%+2.23%+5.33%+26.88%Buy
51-0.09%+0.01%+4.96%+11.10%39.23x4.59x-92.23%+6.58%+13.66%+15.22%Buy
150-0.35%+1.37%+2.08%-13.46%30.60x4.00x+7.35%+5.26%+8.26%+19.86%Buy
10+0.87%+0.34%+1.16%+26.37%26.84x107.17x-11.87%+3.44%+19.58%+10.98%Buy
56+0.16%+1.85%+6.62%-5.76%59.83x3.64x+11.25%+7.73%+10.05%+18.23%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 -42.43% over the past year, underperforming other healthcare stocks by -37 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 33.84% from Cross Country Healthcare's current stock price of $14.57.

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 14.93% over the past year, overperforming other healthcare stocks by 21 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 44.77% from Corcept Therapeutics's current stock price of $28.09.

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 12.82% over the past year, overperforming other healthcare stocks by 19 percentage points.

Kamada has an average 1 year price target of $11.00, an upside of 104.84% from Kamada's current stock price of $5.37.

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 71 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Sanofi (NASDAQ:SNY)


Sanofi (NASDAQ:SNY) has an annual dividend yield of 8.1%, which is 6 percentage points higher than the healthcare sector average of 2.05%. 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.

2. Spok Holdings (NASDAQ:SPOK)


Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 7.93%, which is 6 percentage points higher than the healthcare sector average of 2.05%. 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. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 7.88%, which is 6 percentage points higher than the healthcare sector average of 2.05%.

Siga Technologies's dividend payout ratio of 95.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down -0.28% in the last day, and up 1.47% over the last week. Heart Test Laboratories was the among the top losers in the healthcare sector, dropping -38.37% yesterday.

Heart Test Laboratories shares are trading lower after the company's 1-for-100 reverse stock split began trading on a split-adjusted basis.

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 -44.03% 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 -23.81% in the past year. It has underperformed other stocks in the healthcare sector by -18 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 -42.43% in the past year. It has underperformed other stocks in the healthcare sector by -37 percentage points.

Are healthcare stocks a good buy now?

50.29% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 32.6% 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 27.53x.
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.