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

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
MESO	MESOBLAST LTD	$739.79M	N/A	0.00%	N/A	N/A	N/A	N/A
CASI	CASI PHARMACEUTICALS INC	$35.85M	N/A	0.00%	N/A	N/A	N/A	N/A
AUPH	AURINIA PHARMACEUTICALS INC	$739.41M	N/A	0.00%	N/A	N/A	N/A	N/A
BEAM	BEAM THERAPEUTICS INC	$1.86B	N/A	0.00%	N/A	N/A	N/A	N/A
LQDA	LIQUIDIA CORP	$986.84M	N/A	0.00%	N/A	N/A	N/A	N/A
MTEM	MOLECULAR TEMPLATES INC	$9.27M	N/A	0.00%	N/A	N/A	N/A	N/A
BLUE	BLUEBIRD BIO INC	$98.73M	N/A	0.00%	N/A	N/A	N/A	N/A
GLMD	GALMED PHARMACEUTICALS LTD	$1.94M	N/A	0.00%	N/A	N/A	N/A	N/A
ARVN	ARVINAS INC	$2.21B	N/A	0.00%	N/A	N/A	N/A	N/A
ELMD	ELECTROMED INC	$153.26M	N/A	0.00%	N/A	N/A	N/A	N/A
CRBU	CARIBOU BIOSCIENCES INC	$328.74M	N/A	0.00%	N/A	N/A	N/A	N/A
BAX	BAXTER INTERNATIONAL INC	$18.81B	3.14%	22.20%	$0.2900	$1.16	56%	1
OPRX	OPTIMIZERX CORP	$194.57M	N/A	0.00%	N/A	N/A	N/A	N/A
DNLI	DENALI THERAPEUTICS INC	$2.34B	N/A	0.00%	N/A	N/A	N/A	N/A
BNGO	BIONANO GENOMICS INC	$51.90M	N/A	0.00%	N/A	N/A	N/A	N/A
ARDX	ARDELYX INC	$1.59B	N/A	0.00%	N/A	N/A	N/A	N/A
XOMA	XOMA CORP	$295.76M	N/A	0.00%	N/A	N/A	N/A	N/A
SPRC	SCISPARC LTD	$890.42k	N/A	0.00%	N/A	N/A	N/A	N/A
MRNS	MARINUS PHARMACEUTICALS INC	$79.23M	N/A	0.00%	N/A	N/A	N/A	N/A
CODX	CO-DIAGNOSTICS INC	$37.51M	N/A	0.00%	N/A	N/A	N/A	N/A
OLK	OLINK HOLDING AB (PUBL)	$2.86B	N/A	0.00%	N/A	N/A	N/A	N/A
QTTB	Q32 BIO INC	$83.23M	N/A	0.00%	N/A	N/A	N/A	N/A
PGEN	PRECIGEN INC	$348.49M	N/A	0.00%	N/A	N/A	N/A	N/A
LIFE	ATYR PHARMA INC	$110.42M	N/A	0.00%	N/A	N/A	N/A	N/A
IMNM	IMMUNOME INC	$893.62M	N/A	0.00%	N/A	N/A	N/A	N/A
PRTC	PURETECH HEALTH PLC	$760.37M	N/A	0.00%	N/A	N/A	N/A	N/A
KROS	KEROS THERAPEUTICS INC	$2.05B	N/A	0.00%	N/A	N/A	N/A	N/A
PRCT	PROCEPT BIOROBOTICS CORP	$3.17B	N/A	0.00%	N/A	N/A	N/A	N/A
JYNT	JOINT CORP	$190.02M	N/A	0.00%	N/A	N/A	N/A	N/A
MIST	MILESTONE PHARMACEUTICALS INC	$87.17M	N/A	0.00%	N/A	N/A	N/A	N/A
OTRK	ONTRAK INC	$12.49M	N/A	0.00%	N/A	N/A	N/A	N/A
DRIO	DARIOHEALTH CORP	$44.75M	N/A	0.00%	N/A	N/A	N/A	N/A
NPCE	NEUROPACE INC	$393.99M	N/A	0.00%	N/A	N/A	N/A	N/A
INO	INOVIO PHARMACEUTICALS INC	$280.68M	N/A	0.00%	N/A	N/A	N/A	N/A
WRBY	WARBY PARKER INC	$1.45B	N/A	0.00%	N/A	N/A	N/A	N/A
CELZ	CREATIVE MEDICAL TECHNOLOGY HOLDINGS INC	$6.17M	N/A	0.00%	N/A	N/A	N/A	N/A
IKNA	IKENA ONCOLOGY INC	$63.70M	N/A	0.00%	N/A	N/A	N/A	N/A
LIVN	LIVANOVA PLC	$3.39B	N/A	0.00%	N/A	N/A	N/A	N/A
HLN	HALEON PLC	$38.42B	0.55%	15.90%	$0.0460	$0.05	9%	0		2024-05-16
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$471.60M	N/A	0.00%	N/A	N/A	N/A	N/A
HCA	HCA HEALTHCARE INC	$80.89B	0.80%	12.10%	$0.6600	$2.46	14%	1	2024-06-14	2024-06-28
ALLO	ALLOGENE THERAPEUTICS INC	$502.20M	N/A	0.00%	N/A	N/A	N/A	N/A
MASS	908 DEVICES INC	$186.60M	N/A	0.00%	N/A	N/A	N/A	N/A
GLYC	GLYCOMIMETICS INC	$110.85M	N/A	0.00%	N/A	N/A	N/A	N/A
PDEX	PRO DEX INC	$62.30M	N/A	0.00%	N/A	N/A	N/A	N/A
CUE	CUE BIOPHARMA INC	$91.45M	N/A	0.00%	N/A	N/A	N/A	N/A
ARQT	ARCUTIS BIOTHERAPEUTICS INC	$832.59M	N/A	0.00%	N/A	N/A	N/A	N/A
ABCL	ABCELLERA BIOLOGICS INC	$1.13B	N/A	0.00%	N/A	N/A	N/A	N/A
PLUR	PLURI INC	$29.24M	N/A	0.00%	N/A	N/A	N/A	N/A
FLGT	FULGENT GENETICS INC	$632.63M	N/A	0.00%	N/A	N/A	N/A	N/A
LYEL	LYELL IMMUNOPHARMA INC	$609.83M	N/A	0.00%	N/A	N/A	N/A	N/A
CCCC	C4 THERAPEUTICS INC	$441.10M	N/A	0.00%	N/A	N/A	N/A	N/A
NTLA	INTELLIA THERAPEUTICS INC	$2.24B	N/A	0.00%	N/A	N/A	N/A	N/A
LYRA	LYRA THERAPEUTICS INC	$282.27M	N/A	0.00%	N/A	N/A	N/A	N/A
CRNX	CRINETICS PHARMACEUTICALS INC	$3.26B	N/A	0.00%	N/A	N/A	N/A	N/A
ACRS	ACLARIS THERAPEUTICS INC	$92.91M	N/A	0.00%	N/A	N/A	N/A	N/A
CVKD	CADRENAL THERAPEUTICS INC	$7.44M	N/A	0.00%	N/A	N/A	N/A	N/A
MGNX	MACROGENICS INC	$950.22M	N/A	0.00%	N/A	N/A	N/A	N/A
NGNE	NEUROGENE INC	$454.87M	N/A	0.00%	N/A	N/A	N/A	N/A
QURE	UNIQURE NV	$223.88M	N/A	0.00%	N/A	N/A	N/A	N/A
CLOV	CLOVER HEALTH INVESTMENTS CORP	$318.97M	N/A	0.00%	N/A	N/A	N/A	N/A
SXTP	60 DEGREES PHARMACEUTICALS INC	$2.68M	N/A	0.00%	N/A	N/A	N/A	N/A
HSDT	HELIUS MEDICAL TECHNOLOGIES INC	$2.36M	N/A	0.00%	N/A	N/A	N/A	N/A
STTK	SHATTUCK LABS INC	$527.81M	N/A	0.00%	N/A	N/A	N/A	N/A
KYMR	KYMERA THERAPEUTICS INC	$2.23B	N/A	0.00%	N/A	N/A	N/A	N/A
MXCT	MAXCYTE INC	$398.81M	N/A	0.00%	N/A	N/A	N/A	N/A
COCP	COCRYSTAL PHARMA INC	$16.18M	N/A	0.00%	N/A	N/A	N/A	N/A
UFPT	UFP TECHNOLOGIES INC	$1.95B	N/A	0.00%	N/A	N/A	N/A	N/A
PIII	P3 HEALTH PARTNERS INC	$189.54M	N/A	0.00%	N/A	N/A	N/A	N/A
ABSI	ABSCI CORP	$561.67M	N/A	0.00%	N/A	N/A	N/A	N/A
PAHC	PHIBRO ANIMAL HEALTH CORP	$678.84M	2.86%	129.70%	$0.1200	$0.48	52%	0
GHSI	GUARDION HEALTH SCIENCES INC	$10.45M	N/A	0.00%	N/A	N/A	N/A	N/A
EDIT	EDITAS MEDICINE INC	$459.79M	N/A	0.00%	N/A	N/A	N/A	N/A
ALEC	ALECTOR INC	$511.30M	N/A	0.00%	N/A	N/A	N/A	N/A
IMAB	I-MAB	$142.51M	N/A	0.00%	N/A	N/A	N/A	N/A
BMY	BRISTOL MYERS SQUIBB CO	$88.58B	5.35%	-75.70%	$0.6000	$2.34	81%	0
OVID	OVID THERAPEUTICS INC	$217.08M	N/A	0.00%	N/A	N/A	N/A	N/A
ALPN	ALPINE IMMUNE SCIENCES INC	$4.23B	N/A	0.00%	N/A	N/A	N/A	N/A
HBIO	HARVARD BIOSCIENCE INC	$165.79M	N/A	0.00%	N/A	N/A	N/A	N/A
VIR	VIR BIOTECHNOLOGY INC	$1.24B	N/A	0.00%	N/A	N/A	N/A	N/A
HCAT	HEALTH CATALYST INC	$383.00M	N/A	0.00%	N/A	N/A	N/A	N/A
LUMO	LUMOS PHARMA INC	$24.65M	N/A	0.00%	N/A	N/A	N/A	N/A
GERN	GERON CORP	$2.34B	N/A	0.00%	N/A	N/A	N/A	N/A
MRNA	MODERNA INC	$48.13B	N/A	0.00%	N/A	N/A	N/A	N/A
GBIO	GENERATION BIO CO	$206.74M	N/A	0.00%	N/A	N/A	N/A	N/A
SMTI	SANARA MEDTECH INC	$267.39M	N/A	0.00%	N/A	N/A	N/A	N/A
PPBT	PURPLE BIOTECH LTD	$10.73M	N/A	N/A	N/A	N/A	N/A	N/A
PALI	PALISADE BIO INC	$6.21M	N/A	0.00%	N/A	N/A	N/A	N/A
EOLS	EVOLUS INC	$766.01M	N/A	0.00%	N/A	N/A	N/A	N/A
UPC	UNIVERSE PHARMACEUTICALS INC	$7.91M	N/A	0.00%	N/A	N/A	N/A	N/A
PROF	PROFOUND MEDICAL CORP	$157.07M	N/A	0.00%	N/A	N/A	N/A	N/A
NVNO	ENVVENO MEDICAL CORP	$67.38M	N/A	0.00%	N/A	N/A	N/A	N/A
CRDF	CARDIFF ONCOLOGY INC	$200.37M	N/A	0.00%	N/A	N/A	N/A	N/A
CYCN	CYCLERION THERAPEUTICS INC	$7.64M	N/A	0.00%	N/A	N/A	N/A	N/A
TCRX	TSCAN THERAPEUTICS INC	$414.18M	N/A	0.00%	N/A	N/A	N/A	N/A
VTRS	VIATRIS INC	$13.78B	2.07%	960.00%	$0.1200	$0.24	41%	0
SDGR	SCHRODINGER INC	$1.69B	N/A	0.00%	N/A	N/A	N/A	N/A
ZCMD	ZHONGCHAO INC	$4.57M	N/A	0.00%	N/A	N/A	N/A	N/A
TNDM	TANDEM DIABETES CARE INC	$2.36B	N/A	0.00%	N/A	N/A	N/A	N/A
TERN	TERNS PHARMACEUTICALS INC	$342.01M	N/A	0.00%	N/A	N/A	N/A	N/A

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	681	+1.42%	+6.14%	-3.49%	-18.37%	7.63x	5.99x	+15.18%	+2.53%	-35.33%	+82.13%	Strong Buy
Diagnostics & Research	66	-0.30%	+0.61%	-4.87%	-1.02%	38.60x	4.16x	-23.26%	+6.41%	+11.02%	+11.32%	Buy
Drug Manufacturers - General	17	-1.19%	+2.40%	-1.41%	+12.84%	150.35x	6.19x	+34.83%	+8.28%	+14.44%	+14.49%	Buy
Drug Manufacturers - Specialty & Generic	90	+1.59%	+5.32%	+1.77%	-3.85%	32.91x	2.15x	+12.03%	+3.10%	+5.63%	+32.23%	Strong Buy
Healthcare Plans	12	+0.29%	-1.86%	+0.23%	-1.13%	19.75x	2.90x	+19.68%	+6.05%	+14.12%	+17.07%	Buy
Health Information Services	61	+0.54%	+1.75%	-4.53%	-22.22%	76.01x	3.21x	+6.57%	+2.11%	+5.20%	+35.77%	Buy
Medical Care Facilities	51	-0.21%	+1.36%	-4.24%	+7.14%	-7.58x	4.35x	-93.45%	+6.66%	+13.90%	+18.12%	Buy
Medical Devices	154	+1.23%	+3.00%	-0.85%	-12.65%	28.83x	3.68x	+10.48%	+5.30%	+7.76%	+20.08%	Buy
Medical Distribution	9	-0.42%	-2.84%	-3.75%	+31.13%	26.33x	108.21x	-8.56%	+3.45%	+18.82%	+9.17%	Buy
Medical Instruments & Supplies	56	-0.01%	+2.38%	-0.51%	-11.81%	56.28x	3.55x	+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.