11 Best Medical Device Stocks to Buy Now

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1. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 101

Danaher Corporation (NYSE:DHR) designs, manufactures, and markets professional, medical, industrial, and commercial products and services. It operates through Diagnostics, Biotechnology, Life Sciences, and Environmental and Applied Solutions. The Life Diagnostics segment offers clinical instruments, devices, consumables, and other services for diagnosing and treating diseases.

In a report released on April 23, Michael Ryskin from Bank of America Securities reiterated a Buy rating on Danaher Corporation (NYSE:DHR) and set a price target of $230.00. The company’s fiscal Q1 2025 results surpassed expectations, especially in the Bioprocessing and CPHD respiratory segments.

It also maintained its fiscal year 2025 sales guidance and raised its bioprocessing growth forecast. These trends reflect its resilience in challenging market environments and confidence in market demand and operational capabilities.

According to the analyst, Danaher Corporation (NYSE:DHR) can also deal with potential headwinds such as tariffs through strategic initiatives like supply chain management and surcharges, further supporting the buy rating.

Overall, DHR ranks first among the best medical device stocks to buy now. While we acknowledge the potential of medical device stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DHR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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