10 Best Affordable Healthcare Stocks to Buy Now

7. Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Forward P/E: 12.08

Number of Hedge Fund Holders: 60

Teva Pharmaceutical Industries Limited (NYSE:TEVA) is one of the best affordable healthcare stocks to buy now. Teva Pharmaceutical Industries Limited (NYSE:TEVA) announced on December 24 that S&P Global Ratings upgraded the company’s long-term issuer credit rating to ‘BB+’ from ‘BB’ with a stable outlook. Moody’s Ratings Agency also affirmed the company’s B1a rating, revising its outlook to positive from stable.

Management stated that the upgrades mark a notable milestone in Teva Pharmaceutical Industries Limited’s (NYSE:TEVA) advancement towards attaining investment-grade status. S&P noted that the company’s adjusted leverage declined to 4.4x as of September 30, 2025, and is anticipated to drop below 4.25x in the coming quarters and meet the threshold for the higher rating. The agency also cited Teva Pharmaceutical Industries Limited’s (NYSE:TEVA) business strength, liquidity profile, and financial discipline, with it bouncing back to revenue growth following five years of declines with support from solid performance in branded medicines and stabilization in generics.

In a separate development, Piper Sandler lifted the price target on Teva Pharmaceutical Industries Limited (NYSE:TEVA) to $40 from $30 on December 22 and reaffirmed an Overweight rating on the stock. The firm cited further multiple expansion, stating that the company’s peer group is undergoing evolution with the mix continually shifting towards novel brand assets. It clarified that the larger cap biopharma group is becoming a more appropriate peer group for Teva Pharmaceutical Industries Limited (NYSE:TEVA). Similarly, Goldman Sachs lifted the price target on the stock to $35 from $31, keeping a Buy rating on the shares.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) develops, produces, and sells medicines. Its operations are divided into the US, Europe, and International Markets geographical segments. Each business segment covers the entire product portfolio in that region, including specialty, generics, and over-the-counter (OTC) products.