12 Best Medical Device Stocks to Buy According to Analysts

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2. Semler Scientific, Inc. (NASDAQ:SMLR)

Analyst Upside: 162.94%

Number of Hedge Fund Holders: 10

Semler Scientific, Inc. (NASDAQ:SMLR) is one of the best medical device stocks to buy according to analysts. Analyst Matthew Galinko of Maxim Group maintained a Buy rating on  Semler Scientific, Inc. (NASDAQ:SMLR) on August 6, retaining the price target of $95.00.

The analyst told investors that Semler Scientific, Inc. (NASDAQ:SMLR) has exhibited a strong commitment to the accumulation of Bitcoin, with a goal to hold 10,000 BTC by the end of 2025 and considerably more in the following years.

He added that Semler Scientific, Inc.’s (NASDAQ:SMLR) ability to raise considerable funds through share issuance further supports this accumulation strategy, suggesting a strong financial strategy.

Galinko further stated that Semler Scientific, Inc. (NASDAQ:SMLR) is also expanding its medical technology offerings, especially with the formation of CardioVanta, a subsidiary focused on cardiovascular market opportunities. The expected approval of new diagnostic devices may expand the company’s market reach, enhancing its revenue potential.

Semler Scientific, Inc. (NASDAQ:SMLR) provides technology and software solutions to improve the clinical effectiveness of healthcare providers. The company’s multi-test service platform, WellChec, conducts a comprehensive evaluation of patients for chronic disease, including strokes and heart attacks, through the use of its QuantaFlo product as well as other tests.

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