2 Healthcare Stocks You Can Buy and Hold for the Next Decade
Equity markets can be highly volatile in the short run. Where the S 500 might land in the next six months is anyone's guess. However, over a decade, major indexes tend to move steadily in the right direction and deliver competitive returns. That makes investing in stocks an excellent option for people looking to build their wealth over time.
Throwing money at any random corporation won't do, though. It's essential to pick wisely. With that out of the way, let's consider two excellent healthcare companies that could be top picks for the next 10 years: (NYSE: MDT) and Sanofi (NASDAQ: SNY).
Medical device giant Medtronic hasn't performed well in the past few years. It has struggled with slow revenue growth, pandemic-related disruptions, and economic issues. However, it would be a mistake to dismiss a company with a track record like Medtronic so easily. It has been navigating the challenging and highly regulated healthcare industry for decades, routinely developing newer and better medical devices while surviving difficult economic conditions.
Source Fool.com
Medtronic plc Stock
With 10 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 94 € shows a positive potential of 23.86% compared to the current price of 75.89 € for Medtronic plc.
