Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Let's now take a look at one standout stock that could be a perfect fit for your portfolio.

Why You Should Pay Attention to GE HealthCare Technologies (GEHC)

Chicago, IL-based GE HealthCare Technologies Inc. or GE HealthCare is one of the leading providers of medical technology, pharmaceutical diagnostics, and digital solutions with focus on precision care. The company was formed on Jan 3, 2023, following a spin-off by its parent company — the General Electric Company.

Since being added to the Zacks Focus List on January 4, 2023 at $60.49 per share, shares of GEHC have increased 49.79% to $90.61.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.06 to $4.30. GEHC boasts an average earnings surprise of 9%.

Earnings for GE HealthCare Technologies are forecasted to see growth of 9.4% for the current fiscal year as well.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like GEHC offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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GE HealthCare Technologies Inc. (GEHC) : Free Stock Analysis Report

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