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Furthermore, while the historically high inflation and ongoing volatility in the broader market could lead to loss of value by many large-cap stocks, the inelastic demand for healthcare products and services should help shares of many industry participants perform steadily.
Given this backdrop, Wall Street analysts are optimistic about the upside potential of budding low-priced stocks in this space—22nd Century Group, Inc. (XXII), UpHealth, Inc. (UPH), and Talkspace, Inc. (TALK). These stocks are expected to rally in price by more than 35% in the near term.
