7 Best Medical Technology Stocks To Buy According To Analysts

1. Bio-Rad Laboratories, Inc. (NYSE:BIO)

Price Target Upside: 47.82%

Bio-Rad Laboratories, Inc. (NYSE:BIO) is a global leader in creating innovative products for life science research and clinical diagnostics. The company develops instruments, software, consumables, reagents, and content for applications in areas like cell biology, gene expression, protein purification, and clinical diagnostics.

Bio-Rad Laboratories, Inc. (NYSE:BIO)’s Q4 2024 results show a mixed performance, with net sales declining by 2% year-over-year to $668 million. The Clinical Diagnostics Group saw a slight increase of 0.9%, driven by strong demand for quality control and blood typing products. Gross margin decreased to 51.2%, impacted by restructuring and changes in reimbursement in China. Operating income fell to $58 million, while the company reported a significant net loss of $716 million, mainly due to a $977 million loss from changes in the fair market value of Sartorius AG shares.

On a positive note, their non-GAAP results showed a gross margin of 53.9%, and non-GAAP net income was $81 million, or $2.90 per share. For the full year, the corporation’s net sales were $2.567 billion, a 3.9% decline from 2023. Despite the challenges, Bio-Rad Laboratories, Inc. (NYSE:BIO), one of the best medical technology stocks, is actively managing costs to improve future profitability. Additionally, the company has made a binding offer to acquire Stilla Technologies, which will enhance its digital PCR portfolio and strengthen its position in applied research and clinical diagnostics.

Overall, Bio-Rad Laboratories, Inc. (NYSE:BIO) ranks first among the 7 best medical technology stocks to buy according to analysts. While we acknowledge the potential of medical technology companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BIO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.