10 Best Healthcare Equipment Stocks to Buy According to Hedge Funds

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7. GE HealthCare Technologies (NASDAQ:GEHC)

Number of Hedge Fund Holders: 58

GE HealthCare Technologies (NASDAQ:GEHC) is one of the 10 best healthcare equipment stocks to buy according to hedge funds.

On February 5, Patrick Wood from Morgan Stanley lifted the price target on GE HealthCare Technologies (NASDAQ:GEHC) from $80 to $85, maintaining an Equal Weight rating.

The analyst noted the company’s fourth-quarter results, which beat expectations and improved the stock’s risk-reward profile. He believes that demand remains strong, with a strong order backlog and peer results. Wood also pointed towards a highly conducive environment following the company’s hospital CapEx survey.

On January 30, the price target on GE HealthCare Technologies (NASDAQ:GEHC) was raised from $91 to $94 by Jason Bednar from Piper Sandler. The analyst also reiterated his Overweight rating on the stock, which now offers almost 12% upside from the prevailing level. He reflected on a favorable setup for the company during the fourth quarter.

GE HealthCare Technologies (NASDAQ:GEHC) operates within the pharmaceutical diagnostics and medical technology spaces. With a focus on precision care, it develops and markets products along with additional services that are used in the diagnosis, treatment, and monitoring of patients. It is structured in four segments: Advanced Visualization Solutions (AVS), Imaging, Patient Care Solutions (PCS), and Pharmaceutical Diagnostics (PDx).

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