10 Best Healthcare Stocks to Buy and Hold for 3 Years

8. The Pennant Group, Inc. (NASDAQ:PNTG)

Number of Hedge Fund Holders: 30

The Pennant Group, Inc. (NASDAQ:PNTG) is one of the best healthcare stocks.

TheFly reported on April 13 that Truist Financial analyst David MacDonald increased the price target for The PNTG to $36 from $34 and maintained a Buy rating. The update came as part of a broader preview of first-quarter results in the healthcare services sector. Truist expressed a positive view on the industry, citing sustained demand, supportive long-term trends, and improved reimbursement stability, with recent Medicare Advantage developments seen as favorable. The firm also noted that the sector benefits from its domestic scale, defensive positioning, and strong cash generation, which support continued investment, acquisitions, and shareholder-focused initiatives.

In separate news, on April 1, The Pennant Group, Inc. (NASDAQ:PNTG) completed the purchase of the property and business operations of Arbor Rose Senior Living in Mesa, Arizona, rebranding the community as Lavender Lane Senior Living. The site offers a mix of independent living, assisted living, and memory care services, including 74 licensed beds and 25 independent units. This transaction expands the company’s footprint in Arizona, particularly within the East Valley region, and supports its strategy of targeted growth in senior housing. The acquisition also reflects PNTG’s focus on enhancing service offerings while strengthening its regional presence.

The Pennant Group, Inc. (NASDAQ:PNTG) is a healthcare services company providing home health, hospice, and senior living services. It operates through a decentralized model, supporting local agencies and communities while focusing on high-quality, patient-centered care across the United States.