5 Most Promising Medical Stocks According to Analysts

3. iRhythm Technologies, Inc. (NASDAQ:IRTC)

Number of Hedge Fund Holders: 33

One-Year Price Target: $145.67

iRhythm Technologies, Inc. (NASDAQ:IRTC) is a heart-monitoring medical solutions company. Wells Fargo recently initiated covering the stock with an Outperform rating. Wells Fargo’s analyst Nathan Treybeck said iRhythm Technologies, Inc. (NASDAQ:IRTC)’s patch monitors Zio XT and Zio AT have good patient compliance and provide important metrics for physicians. The analyst thinks iRhythm Technologies, Inc. (NASDAQ:IRTC) has the potential to double its US penetration in the ambulatory cardiac monitoring market by 2027. He has a $150 price target on iRhythm Technologies, Inc. (NASDAQ:IRTC). The analyst also praised iRhythm Technologies, Inc. (NASDAQ:IRTC)’s AI capabilities.

AI is the talk of the town in 2023 and iRhythm Technologies, Inc. (NASDAQ:IRTC) could leverage its presence in the AI healthcare market and expand into new, innovative areas.