You don’t have to buy a biotech, hospital, or medical device stock to invest in healthcare. Some good stock picks are those of information services and healthcare information companies — for example, if you are looking for healthcare information services stocks.
American Well Corporation (NYSE:AMWL) shares were trading up 5.39% at $28.34 at the time of writing on Thursday.
American Well Corporation (NYSE:AMWL) share price went from a low point around $21.34 to briefly over $41.80 in past 52 weeks, though shares have since pulled back to $28.34. AMWL market cap has remained high, hitting $6.45B at the time of writing, giving it price-to-sales ratio of more than 20.
If we look at the recent analyst rating AMWL, Morgan Stanley upgraded coverage on AMWL shares with an Overweight rating and a $36.00 price target, which implies room for 7.66% upside momentum this year.
Cerner Corporation (CERN) last closed at $78.16, in a 52-week range of $53.08 to $80.90 following its announcement of an agreement to acquire Kantar Health, a division of Kantar Group, for $375 million in cash, subject to adjustment. Analysts have a consensus price target of $77.90.
Change Healthcare Inc. (CHNG) stock soar by 0.72% to $18.30 after reporting that its legal and compliance team has won several 2020 compliance and ethics awards. The most recent rating by Berenberg, on December 08, 2020, is at a Buy.
GoodRx Holdings Inc. (NASDAQ:GDRX) Shares headed rising, higher as much as 7.49%. The company recently declared expanded benefits for its subscription program, GoodRx Gold. The most recent rating by RBC Capital Mkts, on November 19, 2020, is at an Outperform.
Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) rose 0.56% after gaining more than $0.08 on Thursday. The company recently declared the availability of Sunrise 20.0, a comprehensive platform of health that connects all aspects of care.
NantHealth Inc. (NH) last closed at $2.81, in a 52-week range of $0.92 to $6.60. Analysts have a consensus price target of $3.75.
Schrodinger Inc. (SDGR) stock soar by 1.12% to $78.35. The most recent rating by BofA Securities, on November 23, 2020, is at a Buy.
Teladoc Health Inc. (NYSE:TDOC) Shares headed rising, higher as much as 5.21%. The most recent rating by Stephens, on December 07, 2020, is at an Equal-weight.
Veeva Systems Inc. (NYSE:VEEV) rose 4.55% after gaining more than $12.17 on Thursday. The firm lately reported that Integra LifeSciences, a global leader in regenerative technologies, neurosurgical, and extremity orthopedic solutions, has selected Veeva Vault CDMS to provide electronic data capture (EDC), coding, data cleaning, and reporting for future clinical trials.
Zhongchao Inc. (ZCMD) last closed at $2.11, in a 52-week range of $1.59 to $5.25.