12 Best Healthcare Stocks to Buy Now

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1. Insmed Incorporated (NASDAQ:INSM)

Year to Date Performance as of June 16: 41.14%

Hedge Fund Holding: 64

Insmed Incorporated (NASDAQ:INSM) is one of the 12 best healthcare stocks to buy now. On June 11, Goldman Sachs analyst Andrea Tan reiterated a ‘Buy’ rating on the stock and increased the price target to $112 from $100. The adjustment underscores the analyst’s confidence about the company’s long-term prospects.

The Buy rating comes on the heels of the biopharmaceutical company raising $750 million in a public offering of common stock. It plans to use net proceeds from the offering to accelerate research and development efforts of brensocatib. Part of the funds will also finance the commercialization activities of ARIKAYCE. They will also support the development of treprostinil palmitil inhalation powder and other research initiatives.

Insmed Incorporated (NASDAQ:INSM) is a global biopharmaceutical company focused on developing and commercializing therapeutics for serious and rare diseases. It focuses on respiratory and rare diseases, specifically emphasizing metabolic diseases and endocrine disorders.

While we acknowledge the potential of Insmed Incorporated (NASDAQ:INSM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INSM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Stocks Analysts Are Upgrading Today and 13 Best AI Stocks to Buy Under $10.

Disclosure: None.

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