5 Medical Device Stocks for 2021

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In this article we discuss the 5 medical device stocks for 2021. If you want to read our detailed analysis of the medical device sector, go directly to the 10 Medical Device Stocks for 2021.

5. Stryker Corporation (NYSE: SYK)

Number of Hedge Fund Holders: 46

Stryker Corporation (NYSE: SYK) is a medical technology company. Its products include implants for hip and knee joint replacements, surgical equipment and navigation systems, and endoscopic and communications systems, among a range of others. The company ranks 5th on our list of medical device stocks for 2021.

On June 1st, Stryker Corporation (NYSE: SYK) was upgraded to Outperform by Evercore ISI, and its price target was increased from $26o to $285 in light of its 2021 growth. In the first quarter of 2021, the company’s EPS came in at $1.93 versus estimates of $1.98, while its revenue was valued at $3.95 billion. The company also has a growth profit margin of 63.9%. Stryker Corporation (NYSE: SYK) has gained 11.18% in the past 6 months and 9.92% year to date.

By the end of the first quarter of 2021, 46 hedge funds out of the 866 tracked by Insider Monkey held stakes in Stryker Corporation (NYSE: SYK), with a total stake value of roughly $3.15 billion. This is compared to 44 hedge fund holders in the previous quarter, with stakes valued at about $3.22 billion.

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