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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
CCRN
CROSS COUNTRY HEALTHCARE INC
$582.12MN/A0.00%N/AN/AN/AN/A
SMLR
SEMLER SCIENTIFIC INC
$186.46MN/A0.00%N/AN/AN/AN/A
PGNY
PROGYNY INC
$3.09BN/A0.00%N/AN/AN/AN/A
CORT
CORCEPT THERAPEUTICS INC
$2.61BN/A0.00%N/AN/AN/AN/A
INCY
INCYTE CORP
$11.92BN/A0.00%N/AN/AN/AN/A
AMLX
AMYLYX PHARMACEUTICALS INC
$135.56MN/A0.00%N/AN/AN/AN/A
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
$1.80BN/A0.00%N/AN/AN/AN/A
INMD
INMODE LTD
$1.47BN/A0.00%N/AN/AN/AN/A
PBYI
PUMA BIOTECHNOLOGY INC
$239.26MN/A0.00%N/AN/AN/AN/A
JNJ
JOHNSON & JOHNSON
$360.81B3.18%31.20%$1.1900$4.7657%02024-05-202024-06-04
GILD
GILEAD SCIENCES INC
$81.39B4.62%66.10%$0.7700$3.0275%02024-06-142024-06-27
EXEL
EXELIXIS INC
$6.44BN/A0.00%N/AN/AN/AN/A
BMRN
BIOMARIN PHARMACEUTICAL INC
$15.91BN/A0.00%N/AN/AN/AN/A
NBIX
NEUROCRINE BIOSCIENCES INC
$14.07BN/A0.00%N/AN/AN/AN/A
VYGR
VOYAGER THERAPEUTICS INC
$463.18MN/A0.00%N/AN/AN/AN/A
LNTH
LANTHEUS HOLDINGS INC
$5.42BN/A0.00%N/AN/AN/AN/A
MOH
MOLINA HEALTHCARE INC
$19.90BN/A0.00%N/AN/AN/AN/A
SIGA
SIGA TECHNOLOGIES INC
$671.10M11.12%47.40%$0.6000$1.0595%0
PCRX
PACIRA BIOSCIENCES INC
$1.27BN/A0.00%N/AN/AN/AN/A
AMPH
AMPHASTAR PHARMACEUTICALS INC
$2.05BN/A0.00%N/AN/AN/AN/A
KMDA
KAMADA LTD
$319.59MN/A0.00%N/AN/AN/AN/A
CNC
CENTENE CORP
$39.67BN/A0.00%N/AN/AN/AN/A
SEM
SELECT MEDICAL HOLDINGS CORP
$3.70B1.76%23.80%$0.1250$0.5035%0
HALO
HALOZYME THERAPEUTICS INC
$5.05BN/A0.00%N/AN/AN/AN/A
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$340.79MN/A0.00%N/AN/AN/AN/A
HCM
HUTCHMED (CHINA) LTD
$3.41BN/A0.00%N/AN/AN/AN/A
UTHR
UNITED THERAPEUTICS CORP
$11.45BN/A0.00%N/AN/AN/AN/A
GMAB
GENMAB A
$18.33BN/A0.00%N/AN/AN/AN/A
VMD
VIEMED HEALTHCARE INC
$317.42MN/A0.00%N/AN/AN/AN/A
MDT
MEDTRONIC PLC
$107.45B3.41%87.30%$0.6900$2.7660%0
WST
WEST PHARMACEUTICAL SERVICES INC
$26.84B0.21%10.30%$0.2000$0.792%02024-07-312024-08-07
MCK
MCKESSON CORP
$69.68B0.45%10.40%$0.6200$2.407%02024-06-032024-07-01
ASTH
ASTRANA HEALTH INC
$2.05BN/A0.00%N/AN/AN/AN/A
ROIV
ROIVANT SCIENCES LTD
$9.06BN/A0.00%N/AN/AN/AN/A
TGTX
TG THERAPEUTICS INC
$2.54BN/A0.00%N/AN/AN/AN/A
STAA
STAAR SURGICAL CO
$2.23BN/A0.00%N/AN/AN/AN/A
RPRX
ROYALTY PHARMA PLC
$17.18B1.39%23.60%$0.2000$0.4027%0
COLL
COLLEGIUM PHARMACEUTICAL INC
$1.20BN/A0.00%N/AN/AN/AN/A
NSYS
NORTECH SYSTEMS INC
$43.90MN/A0.00%N/AN/AN/AN/A
CVS
CVS HEALTH CORP
$69.23B4.61%44.50%$0.6650$2.5475%0
OSUR
ORASURE TECHNOLOGIES INC
$404.40MN/A0.00%N/AN/AN/AN/A
SLP
SIMULATIONS PLUS INC
$933.70M0.51%45.30%$0.0600$0.248%02024-05-06
UTMD
UTAH MEDICAL PRODUCTS INC
$241.50M1.77%26.00%$0.3000$1.1935%1
CHE
CHEMED CORP
$8.47B0.28%8.40%$0.4000$1.583%0
AMN
AMN HEALTHCARE SERVICES INC
$2.28BN/A0.00%N/AN/AN/AN/A
HUM
HUMANA INC
$38.68B1.10%21.70%$0.8850$3.5420%02024-06-282024-07-26
CAH
CARDINAL HEALTH INC
$25.08B1.94%87.80%$0.5006$2.0039%0
VEEV
VEEVA SYSTEMS INC
$32.49BN/A0.00%N/AN/AN/AN/A
COR
CENCORA INC
$44.82B0.89%21.50%$0.5100$1.9916%02024-05-092024-05-24
MEIP
MEI PHARMA INC
$20.39M57.19%58.90%$1.7500$1.75100%0
ADUS
ADDUS HOMECARE CORP
$1.60BN/A0.00%N/AN/AN/AN/A
DXCM
DEXCOM INC
$50.37BN/A0.00%N/AN/AN/AN/A
SNY
SANOFI
$125.11B3.85%82.10%$1.9031$1.9067%22024-05-092024-06-06
ZBH
ZIMMER BIOMET HOLDINGS INC
$24.37B0.81%20.70%$0.2400$0.9614%0
ALGN
ALIGN TECHNOLOGY INC
$21.52BN/A0.00%N/AN/AN/AN/A
LMAT
LEMAITRE VASCULAR INC
$1.49B0.87%41.20%$0.1600$0.5815%0
HSIC
HENRY SCHEIN INC
$8.82BN/A0.00%N/AN/AN/AN/A
DOCS
DOXIMITY INC
$4.54BN/A0.00%N/AN/AN/AN/A
PODD
INSULET CORP
$12.13BN/A0.00%N/AN/AN/AN/A
PRVA
PRIVIA HEALTH GROUP INC
$2.18BN/A0.00%N/AN/AN/AN/A
LLY
ELI LILLY & CO
$718.42B0.62%68.80%$1.3000$4.6910%0
IRMD
IRADIMED CORP
$555.32M1.44%44.40%$0.6300$0.6328%1
AZN
ASTRAZENECA PLC
$235.00B1.91%70.90%$0.9850$1.4538%9
HOLX
HOLOGIC INC
$17.82BN/A0.00%N/AN/AN/AN/A
GMED
GLOBUS MEDICAL INC
$6.83BN/A0.00%N/AN/AN/AN/A
UNH
UNITEDHEALTH GROUP INC
$454.49B1.53%30.20%$1.8800$7.5230%0
ISRG
INTUITIVE SURGICAL INC
$133.95BN/A0.00%N/AN/AN/AN/A
EW
EDWARDS LIFESCIENCES CORP
$51.21BN/A0.00%N/AN/AN/AN/A
ABT
ABBOTT LABORATORIES
$184.26B2.00%65.60%$0.5500$2.1240%02024-05-15
BRKR
BRUKER CORP
$9.65B0.29%6.80%$0.0500$0.203%0
PDCO
PATTERSON COMPANIES INC
$2.28B4.09%51.00%$0.2600$1.0470%02024-05-03
FONR
FONAR CORP
$109.12MN/A0.00%N/AN/AN/AN/A
MDXG
MIMEDX GROUP INC
$1.11BN/A0.00%N/AN/AN/AN/A
BNTX
BIONTECH SE
$21.93BN/A0.00%$2.1110N/AN/A0
PEN
PENUMBRA INC
$7.98BN/A0.00%N/AN/AN/AN/A
BIIB
BIOGEN INC
$31.09BN/A0.00%N/AN/AN/AN/A
NVS
NOVARTIS AG
$198.61B3.88%51.00%$3.7772$3.7867%2
ICLR
ICON PLC
$24.89BN/A0.00%N/AN/AN/AN/A
BTMD
BIOTE CORP
$430.79MN/A0.00%N/AN/AN/AN/A
DCGO
DOCGO INC
$365.64MN/A0.00%N/AN/AN/AN/A
VNDA
VANDA PHARMACEUTICALS INC
$269.28MN/A0.00%N/AN/AN/AN/A
STRR
STAR EQUITY HOLDINGS INC
$14.50MN/A0.00%$0.5500N/AN/A0
ZTS
ZOETIS INC
$76.31B0.97%31.10%$0.4320$1.6117%02024-06-04
REGN
REGENERON PHARMACEUTICALS INC
$103.31BN/A0.00%N/AN/AN/AN/A
GSK
GSK PLC
$87.65B3.36%53.30%$0.4061$1.4560%102024-05-162024-07-11
TFX
TELEFLEX INC
$9.35B0.68%17.90%$0.3400$1.3611%0
CI
CIGNA GROUP
$97.86B1.48%41.30%$1.4000$5.0929%02024-06-042024-06-20
OPCH
OPTION CARE HEALTH INC
$5.20BN/A0.00%N/AN/AN/AN/A
PINC
PREMIER INC
$2.54B3.96%60.00%$0.2100$0.8468%02024-05-312024-06-15
ALC
ALCON INC
$38.68BN/A0.00%N/AN/AN/AN/A
SRPT
SAREPTA THERAPEUTICS INC
$12.35BN/A0.00%N/AN/AN/AN/A
TALK
TALKSPACE INC
$528.67MN/A0.00%N/AN/AN/AN/A
MMSI
MERIT MEDICAL SYSTEMS INC
$4.48BN/A0.00%N/AN/AN/AN/A
RVTY
REVVITY INC
$12.49B0.28%5.00%$0.0700$0.283%02024-07-192024-05-10
STE
STERIS PLC
$20.38B0.98%34.70%$0.5200$2.0318%02024-06-122024-06-26
SCYX
SCYNEXIS INC
$67.20MN/A0.00%N/AN/AN/AN/A
BDX
BECTON DICKINSON & CO
$69.46B1.55%81.90%$0.9500$3.7230%02024-06-102024-06-28
CRL
CHARLES RIVER LABORATORIES INTERNATIONAL INC
$11.80BN/A0.00%N/AN/AN/AN/A
RMD
RESMED INC
$32.05B0.86%28.80%$0.4800$1.8815%02024-05-082024-06-13
AVRO
AVROBIO INC
$55.18MN/A0.00%N/AN/AN/AN/A

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
681+1.42%+6.14%-3.49%-18.37%7.63x5.99x+15.18%+2.53%-35.33%+82.13%Strong Buy
66-0.30%+0.61%-4.87%-1.02%38.60x4.16x-23.26%+6.41%+11.02%+11.32%Buy
17-1.19%+2.40%-1.41%+12.84%150.35x6.19x+34.83%+8.28%+14.44%+14.49%Buy
90+1.59%+5.32%+1.77%-3.85%32.91x2.15x+12.03%+3.10%+5.63%+32.23%Strong Buy
12+0.29%-1.86%+0.23%-1.13%19.75x2.90x+19.68%+6.05%+14.12%+17.07%Buy
61+0.54%+1.75%-4.53%-22.22%76.01x3.21x+6.57%+2.11%+5.20%+35.77%Buy
51-0.21%+1.36%-4.24%+7.14%-7.58x4.35x-93.45%+6.66%+13.90%+18.12%Buy
154+1.23%+3.00%-0.85%-12.65%28.83x3.68x+10.48%+5.30%+7.76%+20.08%Buy
9-0.42%-2.84%-3.75%+31.13%26.33x108.21x-8.56%+3.45%+18.82%+9.17%Buy
56-0.01%+2.38%-0.51%-11.81%56.28x3.55x+11.50%+7.83%+10.34%+20.39%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 -21.7% over the past year, underperforming other healthcare stocks by -13 percentage points.

Cross Country Healthcare has an average 1 year price target of $20.40, an upside of 21.86% from Cross Country Healthcare's current stock price of $16.74.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Cross Country Healthcare, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% 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 lose -0.71% over the past year, overperforming other healthcare stocks by 8 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 -3.46% over the past year, overperforming other healthcare stocks by 5 percentage points.

Progyny has an average 1 year price target of $47.00, an upside of 46.55% from Progyny's current stock price of $32.07.

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 2.81%.

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 11.12%, which is 8 percentage points higher than the healthcare sector average of 2.81%.

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 8.65%, which is 6 percentage points higher than the healthcare sector average of 2.81%. 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 0.54% in the last day, and up 2.82% over the last week. Emergent Biosolutions was the among the top gainers in the healthcare sector, gaining 70.98% yesterday.

Emergent Biosolutions shares are trading higher after the company announced operational changes to stabilize its financial position and reported Q1 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 -48.68% in the past year. It has underperformed other stocks in the healthcare sector by -40 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 -41.18% in the past year. It has underperformed other stocks in the healthcare sector by -33 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 dropped -0.71% in the past year. It has overperformed other stocks in the healthcare sector by 8 percentage points.

Are healthcare stocks a good buy now?

47.75% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 36.8% 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 70.14x.
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.