2 Healthcare Stocks Wall Street Predicts Will Rally by 50% or More By StockNews

© Reuters. 2 Healthcare Stocks Wall Street Predicts Will Rally by 50% or More

The COVID-19 pandemic has accelerated the pace of the global healthcare market’s growth. With the widespread adoption of digital technologies and increased healthcare spending, the industry is expected to witness significant growth. Therefore, Wall Street analysts expect healthcare stocks Viatris (VTRS) and Zai Lab (NASDAQ:) to deliver substantial returns in the coming months. Read on.The COVID-19 pandemic accelerated a change across the global healthcare ecosystem that has led to the rapid adoption of technology. Investors’ confidence in the sector is evidenced by the Health Care Select Sector SPDR Fund’s (XLV) 7.9% returns over the past three months versus the SPDR S&P 500 ETF Trust’s (SPY) 5.8% gains.

According to the Deloitte 2021 Global Healthcare Outlook, the industry’s GDP share should average 10.3% in 2021 and 2022. An aging population, rapid clinical and technology advances, and continued healthcare spending should drive the industry’s growth. Consequently, the global healthcare and pharma market is expected to reach $1.58 trillion by 2027, registering a 4% CAGR.

Hence, Wall Street analysts expect quality health care stocks Viatris Inc. (VTRS), and Zai Lab Limited (ZLAB) to rally by 50% or more in the coming months.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button