Vertex Pharmaceuticals (NASDAQ: VRTX) has a promising healthcare business with many growth opportunities ahead. But with the stock such a hot buy over the past few years and its valuation now hitting the $100 billion mark, has it become too expensive of an investment? Is it time for investors to consider other stocks instead, or can Vertex still be a good buy right now?

Let's dive in and take a look.

Vertex Pharmaceuticals has become a big name in cystic fibrosis (CF) treatments. And that's where the company makes its money, with blockbuster drug Trikafta/Kaftrio bringing in $8.9 billion in revenue last year. Its growth rate did slip, however, from 35% in 2022 to just 16% in 2023.

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Source Fool.com