In a world increasingly focused on health and well-being, the healthcare industry stands at the forefront of innovation and growth. The demand for quality healthcare services continues to surge, driven by an aging population, advancements in medical technology, and a global emphasis on preventative care. Investing in strong healthcare stocks presents a compelling opportunity, offering the possibility of robust returns and long-term stability.
Here are three “Strong Buy” Healthcare stocks from Wall Street –
Amylyx Pharmaceuticals, Inc. – SYM: AMLX
Recent Price: $27.77
Price Target: $49.67
Firms with Buy Rating: Citigroup, Mizuho Securities, H.C. Wainwright
Description: Amylyx Pharmaceuticals, Inc., a commercial-stage biotechnology company, engages in the discovery and development of treatment for amyotrophic lateral sclerosis (ALS) and neurodegenerative diseases.
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Zoetis Inc. – SYM: ZTS
Recent Price: $179.67
Price Target: $218.00
Firms with Buy Rating: Morgan Stanley, Piper Sandler, Barclays
Description: Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic products in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep and others; and companion animals comprising dogs, cats, and horses. The company also offers parasiticides; vaccines; anti-infectives; other pharmaceutical products; dermatology; and medicated feed additives. In addition, the company provides animal health diagnostics, including point-of-care diagnostic products and laboratory; and other non-pharmaceutical products. It markets its products to veterinarians, livestock producers, and pet owners. The company was founded in 1952 and is headquartered in Parsippany, New Jersey.
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Illumina, Inc. – SYM: ILMN
Recent Price: $198.96
Price Target: $242.15
Firms with Buy Rating: Stifel Nicolaus, RBC Capital, HSBC
Description: Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina and GRAIL segments. The company offers sequencing and array-based instruments and consumables, which include reagents, flow cells, and library preparation; and whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which sequence exomes, specific genes, and RNA or other genomic regions of interest. Further, it provides whole-genome sequencing, genotyping, NIPT, and product support services; and Galleri, a multi-cancer early detection test. The company serves genomic research centers, academic institutions, government laboratories, and hospitals, as well as pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and consumer genomics companies. Further, it markets and distributes its products directly to customers in North America, Europe, Latin America, and the Asia-Pacific region, as well as sells through life-science distributors in various markets within Europe, the Asia-Pacific region, Latin America, the Middle East, and Africa. Illumina, Inc. was incorporated in 1998 and is headquartered in San Diego, California.
