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)
ABIO	ARCA BIOPHARMA INC	$47.29M	N/A	0.00%	N/A	N/A	N/A	N/A
DNTH	DIANTHUS THERAPEUTICS INC	$704.62M	N/A	0.00%	N/A	N/A	N/A	N/A
NEO	NEOGENOMICS INC	$1.88B	N/A	0.00%	N/A	N/A	N/A	N/A
LRMR	LARIMAR THERAPEUTICS INC	$485.52M	N/A	0.00%	N/A	N/A	N/A	N/A
ICAD	ICAD INC	$39.54M	N/A	0.00%	N/A	N/A	N/A	N/A
CLPT	CLEARPOINT NEURO INC	$148.91M	N/A	0.00%	N/A	N/A	N/A	N/A
SRTS	SENSUS HEALTHCARE INC	$63.28M	N/A	0.00%	N/A	N/A	N/A	N/A
TRVI	TREVI THERAPEUTICS INC	$207.57M	N/A	0.00%	N/A	N/A	N/A	N/A
BPMC	BLUEPRINT MEDICINES CORP	$6.70B	N/A	0.00%	N/A	N/A	N/A	N/A
LSTA	LISATA THERAPEUTICS INC	$24.34M	N/A	0.00%	N/A	N/A	N/A	N/A
IOBT	IO BIOTECH INC	$100.80M	N/A	0.00%	N/A	N/A	N/A	N/A
LFMD	LIFEMD INC	$504.17M	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
TNDM	TANDEM DIABETES CARE INC	$2.36B	N/A	0.00%	N/A	N/A	N/A	N/A
LABP	LANDOS BIOPHARMA INC	$69.35M	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
CLDX	CELLDEX THERAPEUTICS INC	$2.28B	N/A	0.00%	N/A	N/A	N/A	N/A
AUGX	AUGMEDIX INC	$129.65M	N/A	0.00%	N/A	N/A	N/A	N/A
BOLT	BOLT BIOTHERAPEUTICS INC	$41.94M	N/A	0.00%	N/A	N/A	N/A	N/A
NURO	NEUROMETRIX INC	$8.88M	N/A	0.00%	N/A	N/A	N/A	N/A
PMCB	PHARMACYTE BIOTECH INC	$18.28M	N/A	0.00%	N/A	N/A	N/A	N/A
TELA	TELA BIO INC	$114.13M	N/A	0.00%	N/A	N/A	N/A	N/A
STIM	NEURONETICS INC	$104.15M	N/A	0.00%	N/A	N/A	N/A	N/A
ATXS	ASTRIA THERAPEUTICS INC	$513.34M	N/A	0.00%	N/A	N/A	N/A	N/A
AVXL	ANAVEX LIFE SCIENCES CORP	$308.74M	N/A	0.00%	N/A	N/A	N/A	N/A
HOWL	WEREWOLF THERAPEUTICS INC	$259.84M	N/A	0.00%	N/A	N/A	N/A	N/A
RIGL	RIGEL PHARMACEUTICALS INC	$201.68M	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
ATOS	ATOSSA THERAPEUTICS INC	$190.46M	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
EVGN	EVOGENE LTD	$35.71M	N/A	0.00%	N/A	N/A	N/A	N/A
SRDX	SURMODICS INC	$492.68M	N/A	0.00%	N/A	N/A	N/A	N/A
ELVN	ENLIVEN THERAPEUTICS INC	$867.89M	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
DNA	GINKGO BIOWORKS HOLDINGS INC	$1.85B	N/A	0.00%	N/A	N/A	N/A	N/A
SDGR	SCHRODINGER INC	$1.69B	N/A	0.00%	N/A	N/A	N/A	N/A
DMTK	DERMTECH INC	$21.78M	N/A	0.00%	N/A	N/A	N/A	N/A
CABA	CABALETTA BIO INC	$607.84M	N/A	0.00%	N/A	N/A	N/A	N/A
DMAC	DIAMEDICA THERAPEUTICS INC	$99.83M	N/A	0.00%	N/A	N/A	N/A	N/A
ETNB	89BIO INC	$828.42M	N/A	0.00%	N/A	N/A	N/A	N/A
TTNP	TITAN PHARMACEUTICALS INC	$6.13M	N/A	0.00%	N/A	N/A	N/A	N/A
SNSE	SENSEI BIOTHERAPEUTICS INC	$41.37M	N/A	0.00%	N/A	N/A	N/A	N/A
EGRX	EAGLE PHARMACEUTICALS INC	$57.14M	N/A	0.00%	N/A	N/A	N/A	N/A
AKRO	AKERO THERAPEUTICS INC	$1.11B	N/A	0.00%	N/A	N/A	N/A	N/A
FDMT	4D MOLECULAR THERAPEUTICS INC	$1.31B	N/A	0.00%	N/A	N/A	N/A	N/A
TBPH	THERAVANCE BIOPHARMA INC	$451.30M	N/A	0.00%	N/A	N/A	N/A	N/A
PULM	PULMATRIX INC	$7.41M	N/A	0.00%	N/A	N/A	N/A	N/A
RXRX	RECURSION PHARMACEUTICALS INC	$2.06B	N/A	0.00%	N/A	N/A	N/A	N/A
CMAX	CAREMAX INC	$13.12M	N/A	0.00%	N/A	N/A	N/A	N/A
URGN	UROGEN PHARMA LTD	$486.58M	N/A	0.00%	N/A	N/A	N/A	N/A
OCGN	OCUGEN INC	$339.67M	N/A	0.00%	N/A	N/A	N/A	N/A
OPTN	OPTINOSE INC	$98.91M	N/A	0.00%	N/A	N/A	N/A	N/A
PACS	PACS GROUP INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
DVAX	DYNAVAX TECHNOLOGIES CORP	$1.53B	N/A	0.00%	N/A	N/A	N/A	N/A
MNKD	MANNKIND CORP	$1.18B	N/A	0.00%	N/A	N/A	N/A	N/A
PHAR	PHARMING GROUP NV	$671.07M	N/A	0.00%	N/A	N/A	N/A	N/A
OCUL	OCULAR THERAPEUTIX INC	$872.44M	N/A	0.00%	N/A	N/A	N/A	N/A
ICCM	ICECURE MEDICAL LTD	$53.96M	N/A	0.00%	N/A	N/A	N/A	N/A
QIPT	QUIPT HOME MEDICAL CORP	$168.83M	N/A	0.00%	N/A	N/A	N/A	N/A
ADPT	ADAPTIVE BIOTECHNOLOGIES CORP	$425.12M	N/A	0.00%	N/A	N/A	N/A	N/A
GTHX	G1 THERAPEUTICS INC	$232.13M	N/A	0.00%	N/A	N/A	N/A	N/A
ECOR	ELECTROCORE INC	$36.74M	N/A	0.00%	N/A	N/A	N/A	N/A
AKYA	AKOYA BIOSCIENCES INC	$196.07M	N/A	0.00%	N/A	N/A	N/A	N/A
FOLD	AMICUS THERAPEUTICS INC	$3.08B	N/A	0.00%	N/A	N/A	N/A	N/A
BYSI	BEYONDSPRING INC	$84.30M	N/A	0.00%	N/A	N/A	N/A	N/A
EXAS	EXACT SCIENCES CORP	$10.99B	N/A	0.00%	N/A	N/A	N/A	N/A
NARI	INARI MEDICAL INC	$2.44B	N/A	0.00%	N/A	N/A	N/A	N/A
RDNT	RADNET INC	$3.54B	N/A	0.00%	N/A	N/A	N/A	N/A
PSTX	POSEIDA THERAPEUTICS INC	$269.20M	N/A	0.00%	N/A	N/A	N/A	N/A
TCRT	ALAUNOS THERAPEUTICS INC	$21.78M	N/A	0.00%	N/A	N/A	N/A	N/A
BGLC	BIONEXUS GENE LAB CORP	$10.78M	N/A	0.00%	N/A	N/A	N/A	N/A
RPTX	REPARE THERAPEUTICS INC	$141.31M	N/A	0.00%	N/A	N/A	N/A	N/A
TARS	TARSUS PHARMACEUTICALS INC	$1.19B	N/A	0.00%	N/A	N/A	N/A	N/A
SYRA	SYRA HEALTH CORP	$16.88M	N/A	0.00%	N/A	N/A	N/A	N/A
BLFS	BIOLIFE SOLUTIONS INC	$822.65M	N/A	0.00%	N/A	N/A	N/A	N/A
BFLY	BUTTERFLY NETWORK INC	$194.27M	N/A	0.00%	N/A	N/A	N/A	N/A
PNTG	PENNANT GROUP INC	$636.27M	N/A	0.00%	N/A	N/A	N/A	N/A
MRVI	MARAVAI LIFESCIENCES HOLDINGS INC	$2.21B	N/A	0.00%	N/A	N/A	N/A	N/A
IPHA	INNATE PHARMA SA	$195.50M	N/A	0.00%	N/A	N/A	N/A	N/A
LNSR	LENSAR INC	$35.55M	N/A	0.00%	N/A	N/A	N/A	N/A
CLLS	CELLECTIS SA	$214.54M	N/A	0.00%	N/A	N/A	N/A	N/A
BRTX	BIORESTORATIVE THERAPIES INC	$9.88M	N/A	0.00%	N/A	N/A	N/A	N/A
LEXX	LEXARIA BIOSCIENCE CORP	$38.66M	N/A	0.00%	N/A	N/A	N/A	N/A
SILO	SILO PHARMA INC	$5.26M	N/A	0.00%	N/A	N/A	N/A	N/A
TLPH	TALPHERA INC	$17.31M	N/A	0.00%	N/A	N/A	N/A	N/A
INVA	INNOVIVA INC	$971.80M	N/A	0.00%	$0.2500	N/A	N/A	0
IMRN	IMMURON LTD	$14.47M	N/A	0.00%	N/A	N/A	N/A	N/A
HOOK	HOOKIPA PHARMA INC	$90.84M	N/A	0.00%	N/A	N/A	N/A	N/A
ZJYL	JIN MEDICAL INTERNATIONAL LTD	$563.20M	N/A	0.00%	N/A	N/A	N/A	N/A
EVH	EVOLENT HEALTH INC	$3.16B	N/A	0.00%	N/A	N/A	N/A	N/A
AADI	AADI BIOSCIENCE INC	$49.60M	N/A	0.00%	N/A	N/A	N/A	N/A
CANF	CAN-FITE BIOPHARMA LTD	$8.28M	N/A	0.00%	N/A	N/A	N/A	N/A
BNR	BURNING ROCK BIOTECH LTD	$77.75M	N/A	0.00%	N/A	N/A	N/A	N/A
SWTX	SPRINGWORKS THERAPEUTICS INC	$3.21B	N/A	0.00%	N/A	N/A	N/A	N/A
CRVO	CERVOMED INC	$148.96M	N/A	0.00%	N/A	N/A	N/A	N/A
OCX	ONCOCYTE CORP	$22.99M	N/A	0.00%	N/A	N/A	N/A	N/A
BLRX	BIOLINERX LTD	$48.05M	N/A	0.00%	N/A	N/A	N/A	N/A
AMWL	AMERICAN WELL CORP	$154.16M	N/A	0.00%	N/A	N/A	N/A	N/A
STOK	STOKE THERAPEUTICS INC	$541.29M	N/A	0.00%	N/A	N/A	N/A	N/A
EKSO	EKSO BIONICS HOLDINGS INC	$23.45M	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.