5 Most Promising Medical Stocks According to Analysts

4. AMN Healthcare Services, Inc. (NYSE:AMN)

Number of Hedge Fund Holders: 33

One-Year Price Target: $148.00

AMN Healthcare Services, Inc. (NYSE:AMN) is one of the most promising medical stocks according to analysts, as its average price target for one year stands at $148. In November, AMN Healthcare Services, Inc. (NYSE:AMN) posted its third quarter results. Adjusted EPS in the period came in at $2.57, beating estimates by $0.17. Revenue in the period jumped about 30% on a YoY basis to total $1.14 billion, beating estimates by $40 million. For the fourth quarter, AMN Healthcare Services, Inc. (NYSE:AMN) was expecting its revenue to come between $1.050 – $1.080 billion versus the consensus estimate of $1.03 billion.

As of the end of the September quarter of 2022, 33 hedge funds tracked by Insider Monkey reported owning stakes in AMN Healthcare Services, Inc. (NYSE:AMN). This was up from 26 hedge funds that had stakes in AMN Healthcare Services, Inc. (NYSE:AMN) at the end of the second quarter. This shows that hedge fund sentiment is strong for AMN Healthcare Services, Inc. (NYSE:AMN).

Diamond Hill Capital made the following comment about AMN Healthcare Services, Inc. (NYSE:AMN) in its Q3 2022 investor letter:

“New positions initiated in Q3 included Ciena Corporation (long), AMN Healthcare Services, Inc. (NYSE:AMN) (short), CBIZ Inc (short), Asana (short) and Palomar (short). AMN Healthcare Services provides workforce solutions and staffing services at healthcare facilities. An unstable healthcare employment environment is driving pricing and volume growth for contract labor, which we believe is unsustainable.”