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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
CCRN	CROSS COUNTRY HEALTHCARE INC	NASDAQ	Medical Care Facilities	$519.18M	$14.93	-9.02%	$90.52M	11.31x	0.39
SMLR	SEMLER SCIENTIFIC INC	NASDAQ	Medical Devices	$161.95M	$22.92	-0.17%	$25.91M	7.16x	0.08
CORT	CORCEPT THERAPEUTICS INC	NASDAQ	Biotechnology	$2.82B	$27.04	1.65%	$122.89M	23.51x	0.20
MOH	MOLINA HEALTHCARE INC	NYSE	Healthcare Plans	$20.78B	$354.60	1.31%	$1.72B	19.12x	2.45
NBIX	NEUROCRINE BIOSCIENCES INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$13.76B	$136.70	-2.12%	$497.00M	36.26x	0.46
INCY	INCYTE CORP	NASDAQ	Biotechnology	$11.91B	$53.06	-0.82%	$1.11B	15.93x	0.32
PCRX	PACIRA BIOSCIENCES INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$1.37B	$29.42	-1.47%	$190.25M	19.36x	0.78
HRMY	HARMONY BIOSCIENCES HOLDINGS INC	NASDAQ	Biotechnology	$1.71B	$30.14	-3.64%	$237.47M	12.83x	0.64
LNTH	LANTHEUS HOLDINGS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$5.27B	$76.02	0.16%	$674.08M	11.28x	0.94
INMD	INMODE LTD	NASDAQ	Medical Devices	$1.53B	$18.10	-1.42%	$199.66M	8.34x	0.09
PBYI	PUMA BIOTECHNOLOGY INC	NASDAQ	Biotechnology	$232.03M	$4.81	0.42%	$41.45M	14.58x	3.20
KMDA	KAMADA LTD	NASDAQ	Drug Manufacturers - Specialty & Generic	$318.15M	$5.54	-0.45%	$26.45M	22.14x	0.39
JNJ	JOHNSON & JOHNSON	NYSE	Drug Manufacturers - General	$360.79B	$149.91	0.04%	$49.47B	9.82x	1.46
BMRN	BIOMARIN PHARMACEUTICAL INC	NASDAQ	Biotechnology	$15.39B	$81.03	-0.84%	$359.85M	74.34x	0.36
VYGR	VOYAGER THERAPEUTICS INC	NASDAQ	Biotechnology	$458.30M	$8.44	0.00%	$126.46M	2.74x	0.49
HALO	HALOZYME THERAPEUTICS INC	NASDAQ	Biotechnology	$5.49B	$43.15	-1.57%	$495.45M	17.61x	9.36
SNY	SANOFI	NASDAQ	Drug Manufacturers - General	$124.66B	$49.28	1.21%	$14.09B	21.27x	0.70
EXEL	EXELIXIS INC	NASDAQ	Biotechnology	$6.22B	$21.37	-1.79%	$312.76M	33.39x	0.32
UTHR	UNITED THERAPEUTICS CORP	NASDAQ	Biotechnology	$11.72B	$264.27	-0.67%	$1.49B	11.82x	0.22
PGNY	PROGYNY INC	NASDAQ	Health Information Services	$2.62B	$27.53	-15.29%	$76.22M	42.35x	0.39
SEM	SELECT MEDICAL HOLDINGS CORP	NYSE	Medical Care Facilities	$4.37B	$33.59	1.08%	$773.70M	16.00x	4.53
GMAB	GENMAB A	NASDAQ	Biotechnology	$19.07B	$28.84	0.10%	N/A	24.01x	0.13
VMD	VIEMED HEALTHCARE INC	NASDAQ	Medical Devices	$277.37M	$7.15	0.21%	$38.50M	26.46x	0.33
SLP	SIMULATIONS PLUS INC	NASDAQ	Health Information Services	$966.07M	$48.34	0.00%	$16.85M	91.21x	0.10
AMPH	AMPHASTAR PHARMACEUTICALS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$2.06B	$42.21	-0.52%	$248.86M	13.19x	1.34
WST	WEST PHARMACEUTICAL SERVICES INC	NYSE	Medical Instruments & Supplies	$26.53B	$364.19	-0.38%	$833.50M	47.48x	0.34
MDT	MEDTRONIC PLC	NYSE	Medical Devices	$110.00B	$82.84	0.10%	$8.88B	26.30x	0.75
DCGO	DOCGO INC	NASDAQ	Medical Care Facilities	$306.73M	$3.02	-1.79%	$50.17M	13.73x	0.56
CVS	CVS HEALTH CORP	NYSE	Healthcare Plans	$70.07B	$55.82	0.25%	$12.63B	9.78x	2.37
CNC	CENTENE CORP	NYSE	Healthcare Plans	$41.51B	$77.79	0.18%	$5.67B	15.31x	2.06
NSYS	NORTECH SYSTEMS INC	NASDAQ	Medical Devices	$43.84M	$16.00	-1.60%	$8.00M	6.32x	1.13
ROIV	ROIVANT SCIENCES LTD	NASDAQ	Biotechnology	$8.97B	$11.13	-1.07%	$4.58B	2.00x	0.12
VRTX	VERTEX PHARMACEUTICALS INC	NASDAQ	Biotechnology	$109.10B	$422.78	0.90%	$5.01B	27.14x	0.29
SIGA	SIGA TECHNOLOGIES INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$530.57M	$7.46	-3.74%	$102.76M	6.78x	0.47
HUM	HUMANA INC	NYSE	Healthcare Plans	$40.44B	$335.59	0.27%	$4.20B	20.60x	2.10
COR	CENCORA INC	NYSE	Medical Distribution	$44.80B	$224.60	0.23%	$2.97B	24.31x	57.83
MEIP	MEI PHARMA INC	NASDAQ	Biotechnology	$20.12M	$3.02	-1.63%	$28.01M	0.77x	0.40
COLL	COLLEGIUM PHARMACEUTICAL INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$1.03B	$31.50	-16.80%	$358.62M	11.21x	4.02
ANIP	ANI PHARMACEUTICALS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$1.43B	$68.05	3.29%	$128.31M	42.01x	0.97
ALGN	ALIGN TECHNOLOGY INC	NASDAQ	Medical Devices	$20.45B	$271.70	-3.10%	$839.46M	44.69x	0.64
ADUS	ADDUS HOMECARE CORP	NASDAQ	Medical Care Facilities	$1.79B	$109.26	2.98%	$111.93M	26.65x	0.40
ZBH	ZIMMER BIOMET HOLDINGS INC	NYSE	Medical Devices	$24.96B	$121.31	-0.11%	$2.16B	26.14x	0.70
DXCM	DEXCOM INC	NASDAQ	Medical Devices	$50.53B	$127.05	-0.85%	$991.00M	77.00x	1.89
CPRX	CATALYST PHARMACEUTICALS INC	NASDAQ	Biotechnology	$1.88B	$15.94	1.85%	$122.26M	26.57x	0.15
IRMD	IRADIMED CORP	NASDAQ	Medical Devices	$552.03M	$43.59	2.08%	$23.44M	30.70x	0.16
TGTX	TG THERAPEUTICS INC	NASDAQ	Biotechnology	$2.57B	$16.62	-1.77%	$53.85M	57.31x	1.33
UTMD	UTAH MEDICAL PRODUCTS INC	NASDAQ	Medical Instruments & Supplies	$242.54M	$68.74	-1.02%	$25.06M	15.24x	0.06
ZYXI	ZYNEX INC	NASDAQ	Medical Distribution	$333.32M	$10.49	1.45%	$17.98M	47.68x	2.81
CAH	CARDINAL HEALTH INC	NYSE	Medical Distribution	$24.24B	$99.53	1.50%	$1.70B	43.65x	-15.05
STAA	STAAR SURGICAL CO	NASDAQ	Medical Instruments & Supplies	$2.08B	$42.35	-1.19%	$25.02M	132.34x	0.25
LPCN	LIPOCINE INC	NASDAQ	Biotechnology	$28.45M	$5.32	1.53%	-$8.94M	-3.13x	0.06
PODD	INSULET CORP	NASDAQ	Medical Devices	$11.62B	$165.90	-6.55%	$349.50M	49.52x	2.32
HSIC	HENRY SCHEIN INC	NASDAQ	Medical Distribution	$9.39B	$73.31	-0.18%	$873.00M	24.52x	1.42
LLY	ELI LILLY & CO	NYSE	Drug Manufacturers - General	$722.31B	$760.00	-1.50%	$9.13B	111.44x	3.98
BRKR	BRUKER CORP	NASDAQ	Medical Devices	$11.00B	$75.71	-0.66%	$633.70M	27.53x	2.16
RPRX	ROYALTY PHARMA PLC	NASDAQ	Biotechnology	$16.78B	$28.09	0.43%	$983.33M	15.69x	0.64
EW	EDWARDS LIFESCIENCES CORP	NYSE	Medical Devices	$52.21B	$86.72	-0.80%	$1.81B	37.22x	0.36
REGN	REGENERON PHARMACEUTICALS INC	NASDAQ	Biotechnology	$107.30B	$973.80	0.60%	$4.55B	26.96x	0.27
VEEV	VEEVA SYSTEMS INC	NYSE	Health Information Services	$32.87B	$203.78	-0.06%	$632.34M	62.32x	0.27
DOCS	DOXIMITY INC	NYSE	Health Information Services	$4.36B	$23.37	-1.64%	$186.53M	32.46x	0.16
ASTH	ASTRANA HEALTH INC	NASDAQ	Medical Care Facilities	$2.18B	$38.89	-0.41%	$143.94M	29.46x	1.18
HCM	HUTCHMED (CHINA) LTD	NASDAQ	Drug Manufacturers - Specialty & Generic	$3.79B	$21.75	4.47%	N/A	36.25x	0.73
BIIB	BIOGEN INC	NASDAQ	Drug Manufacturers - General	$32.25B	$221.50	-0.56%	$1.85B	27.52x	0.75
SCYX	SCYNEXIS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$73.29M	$1.94	3.19%	$104.31M	0.92x	0.60
MCK	MCKESSON CORP	NYSE	Medical Distribution	$72.78B	$559.91	0.86%	$4.75B	24.84x	-35.03
PEN	PENUMBRA INC	NYSE	Medical Devices	$8.23B	$212.28	1.38%	$113.83M	87.72x	0.31
LMAT	LEMAITRE VASCULAR INC	NASDAQ	Medical Instruments & Supplies	$1.71B	$76.13	0.17%	$53.80M	49.76x	0.15
NVS	NOVARTIS AG	NYSE	Drug Manufacturers - General	$208.32B	$102.10	1.89%	N/A	13.78x	1.38
AVRO	AVROBIO INC	NASDAQ	Biotechnology	$55.22M	$1.23	-1.60%	$30.44M	1.76x	0.04
PTGX	PROTAGONIST THERAPEUTICS INC	NASDAQ	Biotechnology	$1.66B	$28.23	-0.14%	$168.74M	10.57x	0.12
PDCO	PATTERSON COMPANIES INC	NASDAQ	Medical Distribution	$2.27B	$25.30	-3.80%	$384.69M	12.40x	2.03
MDXG	MIMEDX GROUP INC	NASDAQ	Biotechnology	$1.10B	$7.45	2.90%	$50.76M	14.33x	0.42
FONR	FONAR CORP	NASDAQ	Diagnostics & Research	$113.28M	$16.88	-3.43%	$25.75M	8.93x	0.28
CHE	CHEMED CORP	NYSE	Medical Care Facilities	$8.71B	$575.24	0.19%	$427.54M	30.63x	0.46
STRR	STAR EQUITY HOLDINGS INC	NASDAQ	Diagnostics & Research	$14.33M	$0.90	-1.85%	$26.87M	0.56x	0.16
ZTS	ZOETIS INC	NYSE	Drug Manufacturers - Specialty & Generic	$77.13B	$169.04	0.54%	$3.72B	32.57x	1.84
ISRG	INTUITIVE SURGICAL INC	NASDAQ	Medical Instruments & Supplies	$137.16B	$386.70	0.32%	$2.53B	68.56x	0.13
AZN	ASTRAZENECA PLC	NASDAQ	Drug Manufacturers - General	$239.28B	$77.18	-0.55%	$14.25B	37.74x	1.73
GSK	GSK PLC	NYSE	Drug Manufacturers - General	$91.13B	$45.07	0.90%	$7.29B	16.52x	3.27
GMED	GLOBUS MEDICAL INC	NYSE	Medical Devices	$8.74B	$64.72	0.56%	$263.79M	109.69x	0.26
MMSI	MERIT MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$4.70B	$80.83	0.90%	$247.30M	45.67x	0.88
OPCH	OPTION CARE HEALTH INC	NASDAQ	Medical Care Facilities	$5.24B	$30.12	-0.53%	$495.02M	19.69x	1.27
LGND	LIGAND PHARMACEUTICALS INC	NASDAQ	Biotechnology	$1.57B	$87.28	1.35%	$158.80M	16.01x	0.13
ALC	ALCON INC	NYSE	Medical Instruments & Supplies	$40.45B	$82.01	0.68%	$2.25B	41.42x	0.44
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	NASDAQ	Medical Devices	$330.29M	$13.90	-1.07%	$24.30M	11.49x	0.41
FTLF	FITLIFE BRANDS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$137.95M	$30.00	-0.17%	$8.12M	25.42x	1.05
ABT	ABBOTT LABORATORIES	NYSE	Medical Devices	$182.21B	$104.74	0.07%	$10.41B	32.43x	0.86
SRPT	SAREPTA THERAPEUTICS INC	NASDAQ	Biotechnology	$12.46B	$131.82	-0.36%	$91.13M	321.51x	2.36
CI	CIGNA GROUP	NYSE	Healthcare Plans	$98.97B	$348.39	-0.74%	$8.19B	28.28x	2.71
BDX	BECTON DICKINSON & CO	NYSE	Medical Instruments & Supplies	$68.11B	$235.67	0.29%	$4.36B	51.91x	1.11
BNOX	BIONOMICS LIMITED	NASDAQ	Biotechnology	$10.98M	$0.95	-1.25%	N/A	0.03x	0.34
STE	STERIS PLC	NYSE	Medical Devices	$22.86B	$231.33	2.36%	$1.39B	40.51x	0.78
AMN	AMN HEALTHCARE SERVICES INC	NYSE	Medical Care Facilities	$2.08B	$54.71	-10.09%	$420.36M	14.51x	2.36
SPRO	SPERO THERAPEUTICS INC	NASDAQ	Biotechnology	$88.35M	$1.64	-2.96%	$25.77M	3.81x	0.71
ELV	ELEVANCE HEALTH INC	NYSE	Healthcare Plans	$125.32B	$539.18	0.11%	$10.70B	20.24x	1.75
NEOG	NEOGEN CORP	NASDAQ	Diagnostics & Research	$2.67B	$12.33	-0.80%	$188.76M	616.50x	0.46
BTMD	BIOTE CORP	NASDAQ	Medical Care Facilities	$379.66M	$6.12	-2.08%	$23.58M	23.54x	-5.79
TALK	TALKSPACE INC	NASDAQ	Health Information Services	$476.81M	$2.81	-1.40%	-$14.76M	-35.13x	0.16
CRSP	CRISPR THERAPEUTICS AG	NASDAQ	Biotechnology	$4.35B	$51.17	-4.44%	-$195.23M	-19.02x	0.17
FMS	FRESENIUS MEDICAL CARE AG	NYSE	Medical Care Facilities	$12.75B	$21.72	4.02%	$3.27B	24.49x	1.38

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	680	-1.62%	-2.51%	-3.52%	-21.05%	6.42x	5.91x	+20.97%	+3.56%	-33.88%	+84.90%	Strong Buy
Diagnostics & Research	66	+5.11%	+7.27%	+4.18%	+9.23%	37.39x	4.36x	-13.51%	+6.44%	+11.47%	+3.98%	Buy
Drug Manufacturers - General	17	-0.53%	+1.82%	+3.59%	+14.38%	31.93x	6.33x	+33.48%	+8.06%	+14.18%	+12.79%	Buy
Drug Manufacturers - Specialty & Generic	90	-0.72%	-1.27%	+0.66%	-6.21%	-3.15x	2.17x	+11.81%	+3.11%	+6.07%	+34.14%	Buy
Healthcare Plans	12	+0.39%	+3.48%	+3.54%	+2.41%	25.16x	3.02x	+15.17%	+4.73%	+11.77%	+13.27%	Buy
Health Information Services	59	-1.02%	-2.32%	-6.09%	-23.97%	12.79x	3.34x	+7.06%	+2.44%	+6.04%	+33.12%	Buy
Medical Care Facilities	51	+0.10%	+3.37%	+1.26%	+10.73%	39.75x	4.47x	-95.44%	+6.74%	+14.01%	+14.51%	Buy
Medical Devices	153	-0.47%	-1.92%	-4.16%	-14.44%	29.79x	3.92x	+7.18%	+5.22%	+7.62%	+21.81%	Buy
Medical Distribution	9	+0.59%	+3.79%	-0.11%	+28.86%	26.83x	110.00x	-10.56%	+3.43%	+19.55%	+9.31%	Buy
Medical Instruments & Supplies	56	+0.54%	+1.52%	-0.53%	-8.80%	58.36x	3.57x	+11.29%	+7.72%	+10.10%	+19.62%	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 -38.53% over the past year, underperforming other healthcare stocks by -31 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 30.61% from Cross Country Healthcare's current stock price of $14.93.

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. 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 -5.48% over the past year, overperforming other healthcare stocks by 2 percentage points.

3. Corcept Therapeutics (NASDAQ:CORT)

Corcept Therapeutics (NASDAQ:CORT) 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. Corcept Therapeutics has seen its stock return 12.67% over the past year, overperforming other healthcare stocks by 20 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 50.4% from Corcept Therapeutics's current stock price of $27.04.

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.

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 57.95%, which is 55 percentage points higher than the healthcare sector average of 2.89%.

Mei Pharma's dividend payout ratio of 44.6% 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 14.08%, which is 11 percentage points higher than the healthcare sector average of 2.89%.

Siga Technologies's dividend payout ratio of 95.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 8.36%, which is 5 percentage points higher than the healthcare sector average of 2.89%. 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 0.3% in the last day, and up 0.86% over the last week. Novavax was the among the top gainers in the healthcare sector, gaining 98.66% yesterday.

Novavax shares are trading higher after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.

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 -47.49% 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 -31.41% in the past year. It has underperformed other stocks in the healthcare sector by -24 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 -5.48% in the past year. It has overperformed other stocks in the healthcare sector by 2 percentage points.

Are healthcare stocks a good buy now?

48.62% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.12% 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 26.88x.

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.