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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. 
  • Five stocks we like better than Shockwave Medical.

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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.

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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)
4.5496 of 5 stars		$70.53+4.2%0.20%16.29Moderate Buy$89.40
Intuitive Surgical (ISRG)
4.6942 of 5 stars		$529.42+2.4%N/A82.59Moderate Buy$598.95
Align Technology (ALGN)
4.4062 of 5 stars		$179.82+1.7%N/A32.05Moderate Buy$241.25
Zimmer Biomet (ZBH)
4.7608 of 5 stars		$102.08+0.3%0.94%22.94Hold$124.15
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