10 Best Telehealth Stocks to Buy Now

5. Zoom Communications Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 48

Zoom Communications Inc. (NASDAQ:ZM) provides a communications and collaboration platform. Its Zoom for Healthcare offering provides pharma-biotech, physicians, and healthcare providers a secure telehealth platform for collaboration, innovation, and virtual care. The Zoom Workplace for Healthcare add-on provides healthcare-specific AI capabilities that improve the platform’s experience, such as specialized lexicon through healthcare dictionaries, improved effectiveness with personal coaching, and extended knowledge through access to data sources.

In a report released on March 20, Catharine Trebnick from Rosenblatt Securities maintained a Buy rating on Zoom Communications Inc. (NASDAQ:ZM) and set a price target of $95.00. The company ranks fifth on our list of the best telehealth stocks to buy now.

It also reported steady fiscal Q4 2024 results, with revenue growing 3.3% year-over-year and reaching $1.18 billion. Zoom Communications Inc.’s (NASDAQ:ZM) AI-powered solutions resulted in a 7.3% increase in the number of customers, generating over $100,000 in trailing 12-month revenue. The company’s EPS surpassed expectations of $1.35, reaching $1.41. For fiscal year 2026, the company estimates total revenue in constant currency between $4.8 billion and $4.81 billion.