We recently compiled a list of the Why These 15 Healthcare Stocks Are Skyrocketing So Far In 2025. In this article, we are going to take a look at where iCAD Inc (NASDAQ:ICAD) stands against the other healthcare stocks.
The healthcare sector is staging a comeback so far in 2025 after two years of underperformance. These stocks could get even hotter due to AI. The healthcare sector was a hot topic during the Stargate project announcement, so it is likely that there are going to be even more breakthroughs here as technology advances.
The S&P 500 Healthcare Index trailed the broader market considerably in the past few years. However, it has risen 7% year-to-date so far. There are many promising drugs awaiting approvals and trials right now. As such, healthcare EBITDA is projected to grow at a 7% CAGR, reaching $987 billion by 2028.
The sector is bouncing back from post-pandemic challenges. Nearly 60% of industry leaders expressed a favorable outlook for 2025. Thus, it is worth looking at the healthcare stocks spearheading the gains.
Methodology
For this article, I screened the top-performing healthcare stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
A radiologist overseeing an advanced radiation therapy machine in a hospital setting.
iCAD Inc (NASDAQ:ICAD)
Number of Hedge Fund Holders In Q3 2024: 4
iCAD Inc (NASDAQ:ICAD) is focusing on AI-powered cancer detection and therapy.
The stock is up significantly so far in 2025 due to solid Q4 2024 results. Revenue is expected to reach $5.1 million to $5.3 million. The company had 106 deals, 16 of which were cloud-based, with new and existing customers. It also reported recurring revenue growth at 11% year-over-year, which reached $9.8 million.
Management is scheduled to present at the BTIG MedTech conference in about two weeks. This is already driving a lot of gains as shareholders think that could drive traction.
ICAD stock is up 70.32% year-to-date.
READ NEXT: Why These 15 Industrial Stocks Are Skyrocketing So Far In 2025 and Why These 15 Oil & Gas Stocks Are Skyrocketing So Far In 2025
Disclosure: None. This article was originally published at Insider Monkey.
