14 Best Mid-Cap Growth Stocks to Buy Right Now

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1. Boston Scientific Corporation (NYSE:BSX)

Number of Hedge Fund Holders: 102

Boston Scientific Corporation (NYSE:BSX) is one of the best mid-cap growth stocks to buy right now. On January 16, Oppenheimer lowered its price target on Boston Scientific to $100 from $125 with an Outperform rating. Oppenheimer is cautious on the financial optics of Boston Scientific’s $14.5 billion acquisition of Penumbra. Although the deal creates a powerhouse in the thrombectomy and neurovascular markets, analysts are questioning the valuation. At $374 per share, the high purchase multiple may hinder the company’s ability to generate a strong ROIC, leading the firm to question whether the timing was ideal for such a large-scale transaction.

Penumbra’s acquisition represents Boston Scientific’s second-largest takeover in its history and marks its re-entry into the neurovascular market.

The move is designed to broaden Boston Scientific’s cardiovascular and neurovascular portfolios. Having divested its neurovascular business to Stryker over a decade ago, Boston Scientific CEO Mike Mahoney emphasized that the company sought a scaled platform and a strong pipeline to return to this attractive segment. Penumbra is expected to contribute ~$1.4 billion in sales for 2025, and the integration is projected to enhance Boston Scientific’s revenue and margins over the long term.

Boston Scientific Corporation (NYSE:BSX) develops, manufactures, and markets medical devices for use in various interventional medical specialties. It has two segments: MedSurg and Cardiovascular.

While we acknowledge the potential of BSX to grow, 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 BSX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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