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Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher

Kate Stalter
Written by Kate Stalter
April 12, 2023

Key Points

  • Shockwave Medical shares climbed 10.64% on news that Medicare reimbursements for a coronary procedure could increase the usage of a company product.
  • Meanwhile, newly public GE HealthCare has rallied 38% this year. Shares are currently in a buy range.
  • Other medical device and product makers boasting strong chart action include Intuitive Surgical, Align Technology, and Zimmer Biomet.
  • Zimmer cleared a base on April 12 on an analyst upgrade. It's currently in a buy zone. 
  • Interested in Shockwave Medical? Here are five stocks we like better.

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Should You Invest $1,000 in Shockwave Medical Right Now?

Before you consider Shockwave Medical, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shockwave Medical wasn't on the list.

While Shockwave Medical currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Shockwave Medical (SWAV)N/A$334.75flatN/A78.21N/AN/A
GE HealthCare Technologies (GEHC)
4.7095 of 5 stars		$69.16-0.4%0.20%15.97Moderate Buy$88.27
Intuitive Surgical (ISRG)
4.6278 of 5 stars		$539.54-0.6%N/A84.17Moderate Buy$596.05
Align Technology (ALGN)
4.8104 of 5 stars		$170.80-1.0%N/A30.45Moderate Buy$241.25
Zimmer Biomet (ZBH)
4.8551 of 5 stars		$92.85+1.3%1.03%20.86Hold$111.53
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