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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
INCY
INCYTE CORP
United States
$12.82B224,526,12879.30%20.70%Net SellingNet Buying
SMLR
SEMLER SCIENTIFIC INC
United States
$200.74M7,031,08340.20%59.80%Net Buying
NBIX
NEUROCRINE BIOSCIENCES INC
United States
$13.72B99,507,49069.67%30.33%Net SellingNet Selling
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
United States
$1.90B56,769,08161.02%38.98%Net SellingNet Buying
VYGR
VOYAGER THERAPEUTICS INC
United States
$519.11M54,300,62747.22%52.78%Net SellingNet Selling
INMD
INMODE LTD
Israel
$1.78B83,982,46262.26%0.00%
BMY
BRISTOL MYERS SQUIBB CO
United States
$107.68B2,022,193,41176.46%0.36%Net SellingNet Selling
PGNY
PROGYNY INC
United States
$3.67B96,499,40273.53%26.47%Net SellingNet Selling
AMLX
AMYLYX PHARMACEUTICALS INC
United States
$195.21M67,782,13952.71%47.29%Net BuyingNet Selling
RPRX
ROYALTY PHARMA PLC
United States
$18.19B597,434,79151.02%16.51%Net SellingNet Selling
SDGR
SCHRODINGER INC
United States
$1.93B72,310,61277.41%22.59%Net SellingNet Selling
CNC
CENTENE CORP
United States
$41.91B534,863,00093.63%3.10%Net SellingNet Selling
KMDA
KAMADA LTD
Israel
$321.89M57,479,52810.06%0.00%
UTHR
UNITED THERAPEUTICS CORP
United States
$11.45B47,058,54587.59%12.41%Net SellingNet Selling
JNJ
JOHNSON & JOHNSON
United States
$380.49B2,408,767,22869.52%0.19%Net SellingNet Selling
OSUR
ORASURE TECHNOLOGIES INC
United States
$453.11M73,796,26891.60%8.40%Net SellingNet Selling
DCGO
DOCGO INC
United States
$422.94M104,171,36955.45%21.45%Net SellingNet Buying
LNTH
LANTHEUS HOLDINGS INC
United States
$4.14B68,525,55653.57%46.43%Net SellingNet Selling
AMPH
AMPHASTAR PHARMACEUTICALS INC
United States
$2.09B48,095,86249.07%50.93%Net SellingNet Selling
EXEL
EXELIXIS INC
United States
$7.23B303,194,25985.27%4.07%Net SellingNet Buying
AZN
ASTRAZENECA PLC
United Kingdom
$211.63B1,550,162,62631.49%0.00%
PBYI
PUMA BIOTECHNOLOGY INC
United States
$269.00M48,207,16255.20%44.43%Net SellingNet Selling
SLP
SIMULATIONS PLUS INC
United States
$825.64M19,967,07758.53%41.47%Net SellingNet Selling
STAA
STAAR SURGICAL CO
United States
$1.84B48,865,87563.00%37.00%Net BuyingNet Buying
PCRX
PACIRA BIOSCIENCES INC
United States
$1.35B46,500,77868.56%31.44%Net SellingNet Selling
HALO
HALOZYME THERAPEUTICS INC
United States
$5.17B126,824,80078.23%21.77%Net SellingNet Selling
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
United States
$374.31M23,600,58476.27%23.73%Net SellingNet Selling
HCM
HUTCHMED (CHINA) LTD
Hong Kong
$2.94B871,256,2701.76%0.00%
HUM
HUMANA INC
United States
$42.17B120,653,31591.95%2.17%Net SellingNet Selling
MDT
MEDTRONIC PLC
Ireland
$115.41B1,327,822,53982.10%0.53%Net SellingNet Selling
SEM
SELECT MEDICAL HOLDINGS CORP
United States
$3.78B128,361,4927.34%92.66%Net SellingNet Selling
CCRN
CROSS COUNTRY HEALTHCARE INC
United States
$639.99M34,725,67783.83%16.17%Net SellingNet Selling
CVS
CVS HEALTH CORP
United States
$99.96B1,258,449,55380.69%0.63%Net SellingNet Selling
EW
EDWARDS LIFESCIENCES CORP
United States
$57.19B601,000,00079.55%1.16%Net SellingNet Buying
CHE
CHEMED CORP
United States
$9.74B15,117,09395.25%4.12%Net SellingNet Buying
GILD
GILEAD SCIENCES INC
United States
$90.95B1,245,774,61683.54%1.09%Net SellingNet Selling
NSYS
NORTECH SYSTEMS INC
United States
$36.20M2,740,1781.76%98.24%Net Buying
COR
CENCORA INC
United States
$48.80B199,481,99380.48%19.52%Net SellingNet Selling
BNOX
BIONOMICS LIMITED
Australia
$11.90M1,924,808,4440.07%0.00%
CI
CIGNA GROUP
United States
$106.22B292,355,02287.03%1.49%Net SellingNet Selling
SIGA
SIGA TECHNOLOGIES INC
United States
$604.28M71,091,61635.56%64.44%Net SellingNet Selling
OPCH
OPTION CARE HEALTH INC
United States
$5.76B173,498,09012.08%87.92%Net SellingNet Selling
ADUS
ADDUS HOMECARE CORP
United States
$1.68B16,227,25133.44%66.56%Net SellingNet Selling
BMRN
BIOMARIN PHARMACEUTICAL INC
United States
$16.72B188,675,62298.08%1.64%Net SellingNet Selling
AMN
AMN HEALTHCARE SERVICES INC
United States
$2.33B37,888,53991.06%8.94%Net SellingNet Buying
CORT
CORCEPT THERAPEUTICS INC
United States
$2.62B103,517,38830.65%69.35%Net BuyingNet Buying
ISRG
INTUITIVE SURGICAL INC
United States
$140.97B352,325,86384.05%0.81%Net BuyingNet Buying
CAH
CARDINAL HEALTH INC
United States
$27.37B243,233,15387.14%4.07%Net SellingNet Selling
MDXG
MIMEDX GROUP INC
United States
$1.12B146,958,42042.42%57.58%Net BuyingNet Selling
GMAB
GENMAB A
Denmark
$20.24B66,074,53570.53%0.00%
IRMD
IRADIMED CORP
United States
$549.19M12,662,80951.01%41.22%Net Selling
VEEV
VEEVA SYSTEMS INC
United States
$37.65B161,316,59778.97%11.64%Net SellingNet Selling
VMD
VIEMED HEALTHCARE INC
United States
$363.54M38,756,63659.68%12.53%Net SellingNet Selling
TGTX
TG THERAPEUTICS INC
United States
$2.40B154,420,77253.78%46.22%Net SellingNet Selling
MEIP
MEI PHARMA INC
United States
$26.12M6,662,85717.90%82.10%Net Buying
ALGN
ALIGN TECHNOLOGY INC
United States
$24.63B75,104,13284.67%15.33%Net SellingNet Selling
VNDA
VANDA PHARMACEUTICALS INC
United States
$223.82M57,537,49956.23%43.77%Net SellingNet Selling
DXCM
DEXCOM INC
United States
$53.77B385,515,42195.52%4.48%Net SellingNet Selling
MMSI
MERIT MEDICAL SYSTEMS INC
United States
$4.37B57,930,05094.92%5.08%Net BuyingNet Selling
SNY
SANOFI
France
$125.32B1,264,799,96919.51%0.00%
ROIV
ROIVANT SCIENCES LTD
Bermuda
$8.74B805,846,00640.20%59.80%Net SellingNet Selling
FBIO
FORTRESS BIOTECH INC
United States
$19.41M8,942,75127.98%72.02%Net BuyingNet Buying
HSIC
HENRY SCHEIN INC
United States
$9.66B128,505,71996.06%3.94%Net SellingNet Selling
ALC
ALCON INC
United States
$41.08B493,244,47947.85%0.00%
LMAT
LEMAITRE VASCULAR INC
United States
$1.50B22,337,21673.96%26.04%Net SellingNet Selling
PODD
INSULET CORP
United States
$11.83B69,925,73080.09%19.91%Net SellingNet Selling
TALK
TALKSPACE INC
United States
$602.99M168,903,57148.64%32.29%Net BuyingNet Selling
MOH
MOLINA HEALTHCARE INC
United States
$24.45B58,400,00079.70%20.30%Net BuyingNet Buying
THC
TENET HEALTHCARE CORP
United States
$10.49B99,995,00034.36%65.64%Net SellingNet Selling
ABT
ABBOTT LABORATORIES
United States
$196.91B1,735,184,28975.12%1.14%Net SellingNet Selling
BRKR
BRUKER CORP
United States
$12.92B137,671,14349.25%50.75%Net SellingNet Selling
GSK
GSK PLC
United Kingdom
$87.18B4,056,000,0007.26%0.00%
ZBH
ZIMMER BIOMET HOLDINGS INC
United States
$27.20B205,084,02274.93%25.07%Net SellingNet Selling
UNH
UNITEDHEALTH GROUP INC
United States
$454.61B921,934,10987.84%2.02%Net SellingNet Selling
GMED
GLOBUS MEDICAL INC
United States
$7.18B135,372,39177.48%22.52%Net SellingNet Selling
WST
WEST PHARMACEUTICAL SERVICES INC
United States
$28.89B73,299,29693.75%3.64%Net BuyingNet Buying
ATRC
ATRICURE INC
United States
$1.43B47,587,96675.23%24.77%Net SellingNet Selling
HOLX
HOLOGIC INC
United States
$18.16B234,731,52186.75%13.25%Net SellingNet Selling
KIDS
ORTHOPEDIATRICS CORP
United States
$682.23M23,549,49643.14%56.86%Net SellingNet Selling
SCYX
SCYNEXIS INC
United States
$53.02M37,207,79944.39%22.02%Net SellingNet Selling
PEN
PENUMBRA INC
United States
$8.76B38,703,65988.87%11.05%Net SellingNet Selling
ASTH
ASTRANA HEALTH INC
United States
$2.28B55,423,40814.42%85.58%Net Selling
UTMD
UTAH MEDICAL PRODUCTS INC
United States
$251.88M3,589,01464.94%35.06%Net Selling
NVS
NOVARTIS AG
Switzerland
$195.98B2,044,033,9866.92%0.00%
BNTX
BIONTECH SE
Germany
$22.10B237,725,73517.05%0.00%
FONR
FONAR CORP
United States
$146.23M6,710,80747.70%3.51%
COLL
COLLEGIUM PHARMACEUTICAL INC
United States
$1.31B31,959,82858.62%41.38%Net SellingNet Selling
ENSG
ENSIGN GROUP INC
United States
$7.12B56,665,74160.08%39.92%Net SellingNet Selling
ICLR
ICON PLC
Ireland
$27.18B82,495,08695.64%0.00%
TFX
TELEFLEX INC
United States
$10.53B47,056,48295.84%2.71%Net SellingNet Selling
IDXX
IDEXX LABORATORIES INC
United States
$44.83B83,089,38187.71%1.68%Net SellingNet Selling
BTMD
BIOTE CORP
United States
$437.50M74,531,55817.03%44.56%Net Selling
ZTS
ZOETIS INC
United States
$77.16B457,867,11592.81%5.62%Net SellingNet Selling
STRR
STAR EQUITY HOLDINGS INC
United States
$14.18M15,848,2023.66%96.34%Net BuyingNet Selling
PLX
PROTALIX BIOTHERAPEUTICS INC
Israel
$91.32M73,052,1246.76%93.24%Net Buying
PINC
PREMIER INC
United States
$2.61B119,817,87674.36%2.23%Net Selling
DBVT
DBV TECHNOLOGIES SA
France
$147.93M96,431,77039.10%15.37%Net BuyingNet Buying
DVA
DAVITA INC
United States
$12.00B87,700,00014.23%85.77%Net BuyingNet Buying
RVTY
REVVITY INC
United States
$13.02B123,529,82186.51%2.53%Net BuyingNet Buying
QTRX
QUANTERIX CORP
United States
$872.80M38,063,61863.62%36.38%Net BuyingNet Selling

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
684+1.47%+0.83%-3.02%-5.74%14.30x6.20x-75.07%+1.70%+19.51%+66.01%Strong Buy
65+1.40%+0.98%+2.96%+3.50%37.30x4.36x-23.19%+6.62%+11.51%+0.63%Buy
17+1.22%+1.72%+0.52%+26.34%160.12x6.14x+34.43%+8.09%+14.74%+9.56%Buy
92+1.19%+0.68%-3.04%+1.08%53.92x2.20x+11.30%+2.66%+4.91%+29.93%Strong Buy
12+0.50%+0.79%+0.65%+8.15%19.09x3.01x+20.01%+6.11%+14.13%+12.50%Buy
61+0.98%-0.93%-3.13%-17.77%80.70x3.73x+6.06%+2.18%+5.67%+24.62%Buy
49+1.35%+0.58%+5.94%+18.32%-4.62x4.80x-90.11%+6.21%+13.08%+8.56%Buy
156+2.48%+2.79%+2.77%-5.73%30.11x4.10x+10.54%+5.36%+8.07%+11.83%Buy
9+0.99%+1.33%+3.00%+45.69%26.98x150.92x+19.50%+3.48%+19.50%+0.11%Buy
56+1.80%+1.41%+5.00%-1.93%53.29x3.74x+11.23%+7.47%+10.04%+12.45%Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best healthcare stocks to buy right now are:

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the top healthcare stock with a Zen Score of 75, which is 50 points higher than the healthcare sector average of 25. It passed 24 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -19.33% over the past year, underperforming other healthcare stocks by -20 percentage points.

Incyte has an average 1 year price target of $73.92, an upside of 29.41% from Incyte's current stock price of $57.12.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Incyte, 25% have issued a Strong Buy rating, 16.67% have issued a Buy, 58.33% 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 return 8.76% over the past year, overperforming other healthcare stocks by 8 percentage points.

3. Neurocrine Biosciences (NASDAQ:NBIX)


Neurocrine Biosciences (NASDAQ:NBIX) 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. Neurocrine Biosciences has seen its stock return 42.02% over the past year, overperforming other healthcare stocks by 41 percentage points.

Neurocrine Biosciences has an average 1 year price target of $141.80, an upside of 2.88% from Neurocrine Biosciences's current stock price of $137.83.

Neurocrine Biosciences stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Neurocrine Biosciences, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% 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 75 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Carisma Therapeutics (NASDAQ:CARM)


Carisma Therapeutics (NASDAQ:CARM) has an annual dividend yield of N/A, which is N/A percentage points lower than the healthcare sector average of 2.59%.

Carisma Therapeutics's dividend payout ratio of -9.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 44.64%, which is 42 percentage points higher than the healthcare sector average of 2.59%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

3. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 12.35%, which is 10 percentage points higher than the healthcare sector average of 2.59%.

Siga Technologies's dividend payout ratio of 47.4% indicates that its high dividend yield is sustainable for the long-term.

Why are healthcare stocks up?

Healthcare stocks were up 1.51% in the last day, and up 1.19% over the last week. Ibio was the among the top gainers in the healthcare sector, gaining 192.17% yesterday.

IBio shares are trading higher after the company collaborated with AstralBio for AI drug-powered antibodies for obesity and cardiometabolic diseases.

What are the most undervalued healthcare stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare stocks right now are:

1. Bionomics Limited (NASDAQ:BNOX)


Bionomics Limited (NASDAQ:BNOX) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Bionomics Limited has a valuation score of 100, which is 83 points higher than the healthcare sector average of 17. It passed 7 out of 7 valuation due diligence checks.

Bionomics Limited's stock has dropped -54.02% in the past year. It has underperformed other stocks in the healthcare sector by -55 percentage points.

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 83 points higher than the healthcare sector average of 17. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -30.31% in the past year. It has underperformed other stocks in the healthcare sector by -31 percentage points.

3. Orasure Technologies (NASDAQ:OSUR)


Orasure Technologies (NASDAQ:OSUR) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Orasure Technologies has a valuation score of 100, which is 83 points higher than the healthcare sector average of 17. It passed 7 out of 7 valuation due diligence checks.

Orasure Technologies's stock has gained 5.32% in the past year. It has overperformed other stocks in the healthcare sector by 4 percentage points.

Are healthcare stocks a good buy now?

46.15% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 26.2% 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 75.2x.
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.