5 Best Innovative Healthcare Stocks to Buy Now

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1. Abbott Laboratories (NYSE:ABT)

Number of Hedge Fund Holders: 73

Abbott Laboratories (NYSE:ABT) is one of the best healthcare stocks on our list.

TheFly reported on July 6 that Evercore ISI analyst Vijay Kumar reduced the firm’s price target on Abbott Laboratories to $112 from $120 while maintaining an Outperform rating on the shares. The updated target was included in the firm’s second-quarter outlook for the MedTech, Life Sciences Tools, and Diagnostics industries. Evercore ISI noted that sector conditions remain supported by relatively healthy procedure volumes and capital spending trends, according to a research note shared with investors.

Earlier on July 1, Tandem Diabetes Care announced that its t: slim X2 insulin pump featuring Control-IQ+ automated insulin delivery technology is now compatible with Abbott Laboratories (NYSE:ABT)’s FreeStyle Libre 3 Plus continuous glucose monitoring sensor across five countries. The expansion provides users in the United Kingdom, Switzerland, Sweden, Finland, and Italy with additional CGM options while using Tandem’s automated insulin delivery system. The company expects to broaden availability to more European markets, including Belgium, the Netherlands, and Germany, during 2026. Tandem stated that expanding sensor compatibility supports greater flexibility for people using automated insulin delivery technology and enhances choice within its diabetes management ecosystem.

Abbott Laboratories (NYSE:ABT) is a global healthcare innovator advancing medical devices, diagnostics, nutrition, and pharmaceuticals. Its key innovations include FreeStyle Libre continuous glucose monitoring, AVEIR leadless pacemakers, and digital health technologies, while expanding access to advanced healthcare solutions worldwide.

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

READ NEXT: Billionaire Cliff Asness’ Top 10 Healthcare Stock Picks and 10 Best Stocks to Buy Now for Good Returns.

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