12 Best Medical Device Stocks to Buy According to Analysts

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9. Enovis Corporation (NYSE:ENOV)

Analyst Upside: 84.60%

Number of Hedge Fund Holders: 31

Enovis Corporation (NYSE:ENOV) is one of the best medical device stocks to buy according to analysts. On August 8, UBS lowered the firm’s price target on Enovis Corporation (NYSE:ENOV) to $57 from $65, keeping a Buy rating on the shares.

The rating update came after Enovis Corporation (NYSE:ENOV) reported fiscal Q2 2025 earnings on August 7, with net sales for the quarter reaching $565 million, reflecting a 7% growth on a reported basis and 5% on an organic basis compared to the same quarter last year.

Management reported that fiscal Q2 results reflect stable end markets, continued execution in P&R and Recon, and positive momentum in new product introductions.

Enovis Corporation (NYSE:ENOV) is a medical technology growth company that develops clinically differentiated solutions to transform workflows and generate better patient outcomes. The company operates through the Prevention & Recovery and Reconstructive segments.

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