12 Best Medical Stocks To Buy Under $20

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3. Oscar Health Inc. (NYSE:OSCR)

Share Price as of January 8: $15.29

Number of Hedge Fund Holders: 45

Oscar Health Inc. (NYSE:OSCR) is a leading healthcare technology company that integrates medical services and plans with a strong technology platform. As one of the best medical stocks to buy, the company offers a variety of health insurance products and services. Oscar Health Inc. (NYSE:OSCR) serves more than 1.6 million members, providing individual and family health plans alongside innovative health technology solutions through its +Oscar platform.

The company is leveraging advanced technology to improve its operations and improve healthcare delivery. Longleaf Partners, managed by Southeastern Asset Management, likes the stock particularly because of its long-term growth potential. Longleaf Partners is confident that Oscar Health Inc. (NYSE:OSCR) is poised to become a crucial part of the US healthcare system.

The company is strategically focused on growing its business. In October 2024, Oscar Health Inc. (NYSE:OSCR) unveiled an exciting expansion plan for 2025, aimed at making its health insurance offerings available in 504 counties across 18 states. This move is expected to enhance access to the company’s services for more individuals and families, positioning Oscar Health Inc. (NYSE:OSCR) for strong growth in the coming years.

Financially, the company reported impressive results for Q3 2024. Total revenues reached $2.4 billion, a remarkable 68% increase from the same quarter in the previous year. Oscar Health Inc. (NYSE:OSCR) expects to maintain strong growth momentum, targeting a compound annual growth rate (CAGR) of at least 20% in revenue and a 5% operating margin by 2027.

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