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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
WEAV
WEAVE COMMUNICATIONS INC
$637.97M$8.97$16.0078.37%Strong Buy311.76%N/AN/AN/A
MORF
MORPHIC HOLDING INC
$1.46B$29.23$56.0091.58%Strong Buy2N/AN/AN/AN/A
LENZ
LENZ THERAPEUTICS INC
$417.49M$16.35$31.3391.64%Strong Buy3N/AN/AN/AN/A
VCEL
VERICEL CORP
$2.35B$48.35$54.5012.72%Strong Buy224.26%N/AN/AN/A
ENVB
ENVERIC BIOSCIENCES INC
$6.51M$0.84$10.001,090.48%Buy1N/AN/AN/AN/A
EVOK
EVOKE PHARMA INC
$4.00M$0.47N/AN/AN/AN/AN/AN/AN/AN/A
FEMY
FEMASYS INC
$28.22M$1.27$11.67818.66%Strong Buy3208.06%N/AN/AN/A
RXRX
RECURSION PHARMACEUTICALS INC
$2.24B$9.42$16.5075.16%Strong Buy221.77%N/AN/AN/A
QLI
QILIAN INTERNATIONAL HOLDING GROUP LTD
$24.38M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
RLMD
RELMADA THERAPEUTICS INC
$100.78M$3.34N/AN/AN/AN/AN/AN/AN/AN/A
TARO
TARO PHARMACEUTICAL INDUSTRIES LTD
$1.59B$42.30$43.001.65%Hold1N/AN/AN/AN/A
PHR
PHREESIA INC
$1.37B$24.31$30.3624.90%Strong Buy1118.22%N/AN/AN/A
PNTG
PENNANT GROUP INC
$691.65M$23.02$24.004.26%Buy47.30%N/AN/AN/A
EPIX
ESSA PHARMA INC
$252.87M$5.70$17.00198.25%Buy2N/AN/AN/AN/A
PRGO
PERRIGO CO PLC
$4.07B$29.83$40.6736.33%Strong Buy33.47%N/AN/AN/A
NVNO
ENVVENO MEDICAL CORP
$66.52M$4.99N/AN/AN/AN/AN/AN/A-69.22%-65.42%
GLTO
GALECTO INC
$16.84M$0.62N/AN/AN/AN/AN/AN/AN/AN/A
SABS
SAB BIOTHERAPEUTICS INC
$33.49M$3.63$15.50327.00%Strong Buy2N/AN/AN/AN/A
NBTX
NANOBIOTIX SA
$340.77M$7.23$11.0052.14%Buy111.16%N/AN/AN/A
TNGX
TANGO THERAPEUTICS INC
$803.48M$7.52$17.00126.06%Strong Buy30.65%N/AN/AN/A
SMTI
SANARA MEDTECH INC
$263.15M$30.51$44.0044.22%Strong Buy1N/AN/AN/AN/A
SLDB
SOLID BIOSCIENCES INC
$343.50M$8.95$19.83121.60%Strong Buy6N/AN/AN/AN/A
TMCI
TREACE MEDICAL CONCEPTS INC
$310.04M$5.00$6.6032.00%Hold59.40%N/AN/AN/A
EQ
EQUILLIUM INC
$55.00M$1.56$5.00220.51%Buy15.15%N/AN/AN/A
EMBC
EMBECTA CORP
$833.33M$14.45$13.00-10.03%Strong Sell1-0.45%81.97%N/AN/A
LSTA
LISATA THERAPEUTICS INC
$23.01M$2.77$15.00441.52%Buy1N/AN/AN/AN/A
ATOS
ATOSSA THERAPEUTICS INC
$197.44M$1.57$6.00282.17%Buy1N/AN/AN/AN/A
LVTX
LAVA THERAPEUTICS NV
$69.40M$2.64$6.00127.27%Buy1-18.81%N/AN/AN/A
NVRO
NEVRO CORP
$418.71M$11.40$15.7037.72%Hold103.58%N/AN/AN/A
LFST
LIFESTANCE HEALTH GROUP INC
$2.83B$7.39$9.3326.29%Strong Buy312.12%N/AN/AN/A
VRNA
VERONA PHARMA PLC
$1.05B$13.00$33.67158.98%Strong Buy3N/AN/AN/AN/A
ELVN
ENLIVEN THERAPEUTICS INC
$1.08B$23.04$34.0047.57%Strong Buy1N/AN/AN/AN/A
ERAS
ERASCA INC
$341.52M$1.97$7.20265.48%Buy5N/AN/AN/AN/A
MDGL
MADRIGAL PHARMACEUTICALS INC
$4.69B$220.06$345.0956.82%Buy11N/AN/AN/AN/A
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$550.16M$2.02$5.17155.79%Buy912.51%N/AN/AN/A
ENTO
FIRST WAVE BIOPHARMA INC
$7.38M$2.98$36.001,108.05%Strong Buy1N/AN/AN/AN/A
SLNO
SOLENO THERAPEUTICS INC
$1.54B$46.16$65.4041.68%Strong Buy5N/AN/AN/AN/A
ABOS
ACUMEN PHARMACEUTICALS INC
$219.29M$3.65$11.50215.07%Strong Buy2N/AN/A-28.43%-24.75%
HSCS
HEART TEST LABORATORIES INC
$4.57M$6.97N/AN/AN/AN/AN/AN/AN/AN/A
AUGX
AUGMEDIX INC
$59.25M$1.21N/AN/AN/AN/AN/AN/AN/AN/A
CNTB
CONNECT BIOPHARMA HOLDINGS LTD
$98.08M$1.78$8.00349.44%Buy1N/AN/AN/AN/A
ALDX
ALDEYRA THERAPEUTICS INC
$234.69M$3.95$10.00153.16%Buy2N/AN/AN/AN/A
CDTX
CIDARA THERAPEUTICS INC
$51.14M$11.21$72.50546.74%Buy245.05%N/AN/AN/A
RNAC
CARTESIAN THERAPEUTICS INC
$470.35M$26.43$45.0070.26%Buy341.66%N/AN/AN/A
NAUT
NAUTILUS BIOTECHNOLOGY INC
$369.53M$2.95N/AN/AN/AN/AN/AN/AN/AN/A
IPA
IMMUNOPRECISE ANTIBODIES LTD
$31.05M$1.18$7.00493.22%Buy223.30%N/AN/AN/A
TENX
TENAX THERAPEUTICS INC
$6.95M$3.55$30.00745.31%Strong Buy1N/AN/AN/AN/A
CCLD
CARECLOUD INC
$45.46M$2.82$3.5024.11%Strong Buy20.58%N/AN/AN/A
AKYA
AKOYA BIOSCIENCES INC
$140.75M$2.85$7.38158.77%Strong Buy419.23%N/AN/AN/A
ELYM
ELIEM THERAPEUTICS INC
$240.00M$8.25N/AN/AN/AN/AN/AN/AN/AN/A
TRML
TOURMALINE BIO INC
$385.72M$15.04$64.67329.97%Strong Buy3N/AN/AN/AN/A
RDNT
RADNET INC
$4.24B$57.45$57.25-0.35%Strong Buy46.88%48.73%N/AN/A
PRME
PRIME MEDICINE INC
$849.82M$7.08$14.83109.51%Strong Buy612.76%N/AN/AN/A
ANAB
ANAPTYSBIO INC
$684.88M$25.07$50.0099.44%Strong Buy726.22%N/AN/AN/A
ESPR
ESPERION THERAPEUTICS INC
$447.13M$2.36$12.00408.47%Buy245.47%N/AN/AN/A
GDTC
CYTOMED THERAPEUTICS LTD
$24.46M$2.12$5.00135.85%Buy1N/AN/AN/AN/A
ENTX
ENTERA BIO LTD
$87.32M$2.44$10.00309.84%Buy1N/AN/AN/AN/A
SNPX
SYNAPTOGENIX INC
$5.86M$4.75N/AN/AN/AN/AN/AN/AN/AN/A
KTRA
KINTARA THERAPEUTICS INC
$7.91M$0.14N/AN/AN/AN/AN/AN/AN/AN/A
NKTX
NKARTA INC
$460.15M$6.53$18.40181.78%Strong Buy5N/AN/AN/AN/A
ACHV
ACHIEVE LIFE SCIENCES INC
$171.71M$5.00$14.00180.00%Strong Buy3N/AN/AN/AN/A
GDRX
GOODRX HOLDINGS INC
$2.81B$7.48$9.6028.34%Buy106.43%N/AN/AN/A
BLFS
BIOLIFE SOLUTIONS INC
$1.01B$21.96$23.507.01%Strong Buy21.45%N/AN/AN/A
LUMO
LUMOS PHARMA INC
$20.62M$2.54$22.00766.14%Buy2209.69%N/AN/AN/A
ONVO
ORGANOVO HOLDINGS INC
$10.34M$1.03N/AN/AN/AN/A47.99%N/AN/AN/A
RGNX
REGENXBIO INC
$787.60M$15.99$40.63154.07%Strong Buy854.79%N/AN/AN/A
RMTI
ROCKWELL MEDICAL INC
$53.51M$1.77$9.00409.92%Buy11.69%N/AN/AN/A
APYX
APYX MEDICAL CORP
$55.43M$1.60N/AN/AN/AN/A3.93%N/AN/AN/A
XRAY
DENTSPLY SIRONA INC
$5.87B$28.28$35.1424.27%Buy72.28%N/AN/AN/A
CDNA
CAREDX INC
$807.30M$15.50$17.2511.29%Strong Buy43.22%N/AN/AN/A
APLS
APELLIS PHARMACEUTICALS INC
$5.01B$41.31$77.5087.61%Strong Buy1444.34%N/AN/AN/A
MRUS
MERUS NV
$2.58B$43.91$64.6047.12%Strong Buy551.11%N/AN/AN/A
MRNS
MARINUS PHARMACEUTICALS INC
$73.06M$1.33$10.50689.47%Buy661.50%N/AN/AN/A
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
$532.00M$3.61$6.0066.20%Strong Buy310.48%N/AN/AN/A
ALEC
ALECTOR INC
$524.33M$5.44$20.67279.91%Strong Buy38.85%N/AN/AN/A
ORGS
ORGENESIS INC
$18.96M$0.55N/AN/AN/AN/AN/AN/AN/AN/A
PSTX
POSEIDA THERAPEUTICS INC
$309.29M$3.19$15.00370.22%Strong Buy2-15.62%N/AN/AN/A
SONN
SONNET BIOTHERAPEUTICS HOLDINGS INC
$5.73M$1.84$14.67697.12%Strong Buy3N/AN/AN/AN/A
PSNL
PERSONALIS INC
$72.71M$1.40$3.75167.86%Strong Buy211.51%N/AN/AN/A
QTTB
Q32 BIO INC
$362.56M$30.36$47.5056.46%Strong Buy2554.59%N/AN/AN/A
STRO
SUTRO BIOPHARMA INC
$328.00M$4.01$12.57213.49%Strong Buy7-28.19%N/AN/AN/A
SGMO
SANGAMO THERAPEUTICS INC
$134.88M$0.65$3.50438.46%Buy265.11%N/AN/AN/A
NTBL
NOTABLE LABS LTD
$9.20M$1.02$7.00586.27%Strong Buy224.49%N/AN/AN/A
BCYC
BICYCLE THERAPEUTICS PLC
$913.76M$21.36$47.50122.38%Strong Buy4-3.38%N/AN/AN/A
AFMD
AFFIMED NV
$79.94M$5.25$13.33153.96%Buy347.04%N/AN/AN/A
IOVA
IOVANCE BIOTHERAPEUTICS INC
$2.87B$10.24$25.50149.02%Strong Buy8567.74%N/AN/AN/A
TNXP
TONIX PHARMACEUTICALS HOLDING CORP
$18.82M$0.20$3.001,422.84%Strong Buy149.84%N/AN/AN/A
ARWR
ARROWHEAD PHARMACEUTICALS INC
$3.08B$24.77$49.67100.51%Buy698.44%N/AN/AN/A
CLNN
CLENE INC
$47.52M$0.37$6.001,521.62%Strong Buy2107.04%N/AN/AN/A
DYAI
DYADIC INTERNATIONAL INC
$48.24M$1.65N/AN/AN/AN/A38.82%N/AN/AN/A
SCPH
SCPHARMACEUTICALS INC
$171.26M$4.75$18.00278.95%Buy1117.61%N/AN/AN/A
TELA
TELA BIO INC
$154.84M$6.28$13.00107.01%Strong Buy324.66%N/AN/AN/A
NEUE
NEUEHEALTH INC
$49.27M$5.99$8.0033.56%Hold131.20%N/A-6.78%7.74%
OMGA
OMEGA THERAPEUTICS INC
$132.92M$2.41$10.00314.94%Strong Buy4218.02%N/AN/AN/A
SYBX
SYNLOGIC INC
$19.32M$1.65$15.50839.39%Buy289.51%N/AN/AN/A
PHAT
PHATHOM PHARMACEUTICALS INC
$616.96M$10.54$26.00146.68%Strong Buy3375.48%N/AN/AN/A
LUCY
INNOVATIVE EYEWEAR INC
$3.47M$0.20$1.00405.05%Strong Buy1N/AN/AN/AN/A
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
$3.74M$1.48N/AN/AN/AN/A208.76%N/AN/AN/A
LIPO
LIPELLA PHARMACEUTICALS INC
$5.71M$0.75$2.00166.31%Strong Buy1N/AN/AN/AN/A
LEXX
LEXARIA BIOSCIENCE CORP
$40.59M$3.15$12.00280.95%Strong Buy153.82%N/AN/AN/A
1...567...12

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.