So WELL Health Technologies (TSX:WELL) hasn’t had the best year. The tech stock climbed during the pandemic for two reasons. First, it is in the growth stock-heavy tech sector. But beyond that, patients depend on companies like WELL, as it provides virtual healthcare options for providers to connect with patients.
Here’s the thing. Pandemic restrictions may be fewer, but we’re still in a pandemic. What’s more, even when it’s over, WELL stock will still be a necessity. It saves too much time, resources, and money to be ignored.
And management realizes this. WELL stock continues to expand both organically and through acquisitions, and is now the largest outpatient clinic in Canada, and growing in the United States.
Yet, with shares trading at $3.06 as of writing, it’s a crazy steal. It’s now one of the top stocks trading down 33% in the last year, yet analysts believe it could easily double in 2023 alone to $7.66 per share. So dig into this stock for a chance at major returns this year. As of writing, should $5,000 invested today reach 52-week highs, investors could have a portfolio worth $9,185.67.