8 Best Pet Stocks to Buy According to Billionaires

2. IDEXX Laboratories, Inc. (NASDAQ:IDXX)

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 58

IDEXX Laboratories, Inc. (NASDAQ:IDXX) is an American multinational corporation that offers diagnostic and software products to the pet health, livestock, poultry, water testing, and dairy markets. The company’s solutions and products are sold in over 175 countries and territories. IDEXX Laboratories, Inc. (NASDAQ:IDXX) ranks among the best pet stocks to invest in.

The company is actively introducing new technologies and solutions that address bottlenecks in veterinary practices and meet the demands of its customers. In the fourth quarter of 2024, IDEXX Laboratories, Inc. (NASDAQ:IDXX) launched the IDEXX inVue Dx Cellular Analyzer, a slide-free tool that detects the most common cytologic changes found in ear and blood samples. It uses deep AI learning models to provide practitioners with reference-laboratory quality results in 10 minutes. Additionally, IDEXX Laboratories, Inc. (NASDAQ:IDXX) plans to release the IDEXX Cancer Dx screening for canine lymphoma in the US and Canada by late March 2025.