5 Best Medical Stocks to Buy Under $30

4. Baxter International (NYSE:BAX)

Baxter International (NYSE:BAX) is one of the best medical stocks to buy under $30. On April 6, Evercore ISI analyst Vijay Kumar reduced the firm’s price target on Baxter International (NYSE:BAX) from $23 to $22 while maintaining an Outperform rating on the stock. This comes as part of the firm’s first-quarter preview of the medical technology and life science tools sector.

Earlier, on March 30, Baxter International Inc. (NYSE:BAX) introduced the IV Verify Line Labeling System at the 2026 American Organization for Nursing Leadership Conference. This system is an automated solution that is designed to streamline nursing workflows, support safer medication administration at the bedside, and save clinician time. This launch by Baxter International Inc. (NYSE:BAX) comes after a strategic and exclusive distribution agreement with Vigilant Software, which specializes in medication management safe practices.

Clinicians will be able to use the IV Verify system to scan a medication barcode to instantly print a three-part adhesive label. The label will include the drug name, administration time, and tubing change times, which can then be placed on the tubing. This provides a clear and simple solution that supports labeling compliance and patient safety.

Baxter International (NYSE:BAX) is a medical technology company and an innovative leader in infusion therapies and platforms. It is known for its portfolio of connected solutions, medical devices, and advanced injectable technologies.