10 Best Healthcare Stocks to Buy Under $50

3. Xenon Pharmaceuticals Inc. (NASDAQ:XENE)

Number of Hedge Fund Holders: 51

Share Price: $36.57

Xenon Pharmaceuticals Inc. (NASDAQ:XENE) is a neuroscience biopharmaceutical company that develops innovative therapeutics for patients with psychiatric and neurological disorders. It is among the best healthcare stocks to buy under $50, with 51 hedge fund holders bullish about the company, with investments worth $1.3 billion – VenBio Select Advisor being the significant shareholder. Xenon Pharmaceuticals Inc. (NASDAQ:XENE) is also listed among the 7 Best Mid-cap Healthcare Stocks To Buy Now.

Brian Abrahams from RBC Capital, Serge Belanger from Needham, David Hoang of Citigroup, and Wedbush’s Laura Chico have all recently reiterated their rating between Buy and Strong Buy for the stock, with an average consensus 12-month share price target of $56.8.