3 Healthcare Stocks to Buy and Hold for the Next 10 Years
It hasn't been the easiest time for investors across a range of industries and sectors over the last few years. The good news is that when you're buying stocks to hold onto for anywhere from five years to decades, you don't necessarily need to worry about what the market is doing month to month. Your main concern is whether the thesis for why you bought a particular business remains intact.
While healthcare stocks may not represent the growth opportunities some investors are looking for these days, the steady trajectory of these businesses can provide an intriguing opportunity to park cash amid both bull and bear markets. If you're looking for no-brainer healthcare companies to buy right now and hold for at least a decade, here are three names you'll want to consider.
Vertex Pharmaceuticals (NASDAQ: VRTX) earns annual profits in the billions on the back of a relatively small group of products. In fact, it currently has just four approved products on the market. However, these products pulled in revenue of $9 billion and net income of $3.3 billion in 2022 alone.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
With 57 Buy predictions and 2 Sell predictions Vertex Pharmaceuticals Inc. is one of the favorites of our community.
As a result the target price of 440 € shows a slightly positive potential of 4.2% compared to the current price of 422.25 € for Vertex Pharmaceuticals Inc..
