12 Best Booming Stocks to Invest in Now

8. Option Care Health, Inc. (NASDAQ:OPCH)

Number of Hedge Fund Holdings: 30

Year-to-Date Performance as of January 30: 35.34%

Option Care Health, Inc. (NASDAQ:OPCH) is the largest independent provider of home and alternate-site infusion services in the U.S. The company delivers specialty medications and infusion therapy for patients with chronic conditions including infusion therapy, specialty pharmacy, and clinical management.

Option Care Health, Inc.’s (NASDAQ:OPCH) stock has seen a significant increase year to date, driven by its early sales figures for the fourth quarter of 2024 and the full year. The company reported preliminary net revenue of approximately $1.34 billion to $1.35 billion, representing approximately 19.2% to 20.1% growth over the fourth quarter of 2023, against consensus of $1.27 billion. Option Care Health, Inc.’s (NASDAQ:OPCH) full-year 2024 performance was equally impressive, with preliminary net revenue ranging from $4.99 billion to $5.00 billion, reflecting a 16.0% to 16.2% increase over the prior year. Net income for the year was approximately $208.5 million to $212.6 million, or diluted earnings per share of $1.21 to $1.23. These results not only exceeded consensus estimates but also demonstrated the company’s strong operational efficiency and financial discipline.

Option Care Health, Inc.’s (NASDAQ:OPCH) strong financial performance is driven by the company’s core business of providing infusion and home care services, which has seen a consistent and growing demand. The aging population and the increasing prevalence of chronic diseases, such as cancer, have driven the need for specialized home healthcare services. Furthermore, the company’s robust infrastructure, which includes a wide network of skilled healthcare professionals and advanced medical technologies, has played a crucial role in maintaining high service standards and operational efficiency.