2 Healthcare Stocks You Can Buy and Hold for the Next Decade
Over the past few years, several hot investing trends swept through Wall Street. First, it was the metaverse, and now it's artificial intelligence; there will likely be some new big thing in a year or two. But one industry that remains consistently attractive to invest in is healthcare. That should remain the case through the next decade -- and likely much longer -- unless someone invents an all-purpose cure for all diseases.
Assuming that won't happen, let's consider two healthcare stocks worth buying and hanging onto for the next 10 years: Abbott Laboratories (NYSE: ABT) and Intuitive Surgical (NASDAQ: ISRG).
Abbott Laboratories has a deep and diversified presence in healthcare, especially in its medical-devices area of expertise. The company's results have been somewhat volatile in recent years due to its diagnostics segment, which has seen its revenue fluctuate based on COVID-19 cases. Abbott markets several coronavirus diagnostic products. In the first quarter, the company's revenue of about $10 billion declined by 11.4% year over year for this reason.
Source Fool.com
Abbott Laboratories Stock
With 20 Buy predictions and not the single Sell prediction the community is currently very high on Abbott Laboratories.
As a result the target price of 116 € shows a slightly positive potential of 12.86% compared to the current price of 102.78 € for Abbott Laboratories.
