{"id":347969,"date":"2026-03-26T01:04:08","date_gmt":"2026-03-26T01:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/347969\/"},"modified":"2026-03-26T01:04:08","modified_gmt":"2026-03-26T01:04:08","slug":"the-asx-healthcare-stocks-with-the-biggest-upside-according-to-brokers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/347969\/","title":{"rendered":"The ASX healthcare stocks with the biggest upside according to brokers"},"content":{"rendered":"\n<p>It&#8217;s been well documented that ASX technology and healthcare stocks are trading at long-term lows.\u00a0<\/p>\n<p>In fact, the S&amp;P\/ASX 200 Health Care Index (ASX: XHJ) is down 32% in the last year, and 17% in 2026.\u00a0<\/p>\n<p>For comparison, the S&amp;P\/ASX 200 Index (ASX: XJO) is down just 2% year to date, and remains up more than 6% over the last 12 months.\u00a0<\/p>\n<p>Yesterday, <a href=\"https:\/\/www.fool.com.au\/2026\/03\/25\/which-battered-tech-stock-has-the-most-upside-according-to-brokers\/\" rel=\"nofollow noopener\" target=\"_blank\">I compiled a list<\/a> of the tech stocks that have drawn the most attention from brokers recently.\u00a0<\/p>\n<p>Now let&#8217;s look at the healthcare stocks also drawing the best long-term targets from experts.\u00a0<\/p>\n<p>It&#8217;s important to remember these targets are not guaranteed to be met, however they can help act as a guide of which stocks may have fallen <a href=\"https:\/\/www.fool.com.au\/investing-education\/strategies\/value\/\" rel=\"nofollow noopener\" target=\"_blank\">past fair value<\/a>.<\/p>\n<p> <img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/health-1200x675.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"A male doctor and a woman in scrubs in the foreground smile.\"  \/><\/p>\n<p>Image source: Getty Images<\/p>\n<p> Pro Medicus Ltd (<a class=\"tickerized-link\" href=\"https:\/\/www.fool.com.au\/tickers\/asx-pme\/\" rel=\"nofollow noopener\" target=\"_blank\">ASX: PME<\/a>) <\/p>\n<p>Pro Medicus has been one of the most consistently covered healthcare stocks recently as it has continued to fall despite positive outlooks.\u00a0<\/p>\n<p>The company is a provider of medical imaging technology globally.<\/p>\n<p>At the time of writing, Pro Medicus shares are 45% year to date.\u00a0<\/p>\n<p>This is despite the <a href=\"https:\/\/www.fool.com.au\/tickers\/asx-pme\/announcements\/2026-03-09\/3a689000\/pme-signs-two-5-year-contract-renewals-total-minimum-a40m\/\" rel=\"nofollow noopener\" target=\"_blank\">continued flow of new contract wins<\/a> as the drivers of interest in its product remain firmly in place.<\/p>\n<p>It closed yesterday at $120.79 per share.\u00a0<\/p>\n<p>However, <a href=\"https:\/\/www.fool.com.au\/2026\/03\/24\/forget-csl-shares-this-asx-healthcare-stock-could-double-in-value\/\" rel=\"nofollow noopener\" target=\"_blank\">brokers see plenty of room<\/a> for a rebound.\u00a0<\/p>\n<p>Recently, Bell Potter placed a buy rating and $240.00 price target, suggesting almost 100% upside over the next 12 months.<\/p>\n<p>Meanwhile, Morgans is even more bullish, with a buy rating and a $275.00 price target.<\/p>\n<p>It&#8217;s a similar story for Cochlear.\u00a0<\/p>\n<p>The company is the world&#8217;s leading cochlear implant device manufacturer with around half of global market share.<\/p>\n<p>Its share price is currently down 36% year to date, closing yesterday at $165.63 each.\u00a0<\/p>\n<p>However, brokers are confident a recovery is coming.\u00a0<\/p>\n<p><a href=\"https:\/\/www.fool.com.au\/2026\/03\/25\/top-brokers-name-3-asx-shares-to-buy-today-25-march-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">UBS<\/a> recently retained their buy rating and $302.00 price target on this healthcare stock\u00a0<\/p>\n<p>According to a note out of the broker, it believes that recent share price weakness has created an attractive entry point for investors.\u00a0<\/p>\n<p>This price target indicates Cochlear shares could nearly double in the next 12 months.\u00a0<\/p>\n<p>The team at Wilsons also recently released a positive outlook on the company based on valuation terms.\u00a0<\/p>\n<p><a href=\"https:\/\/www.fool.com.au\/2026\/03\/18\/why-cochlear-and-resmed-shares-could-be-strong-buys\/\" rel=\"nofollow noopener\" target=\"_blank\">Wilsons pointed out<\/a> that Cochlear was trading on a forward P\/E multiple of ~26x, in mid-March.\u00a0<\/p>\n<p>This represented a &gt;10 year low at the time and a material discount to its 10-year average of ~42x.\u00a0<\/p>\n<p>The share price has only fallen further since that analysis.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"It&#8217;s been well documented that ASX technology and healthcare stocks are trading at long-term lows.\u00a0 In fact, the&hellip;\n","protected":false},"author":2,"featured_media":347970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[134,527,111,139,69],"class_list":["post-347969","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-healthcare","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/347969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=347969"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/347969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/347970"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=347969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=347969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=347969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}