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HQY
Volume: 900.03K
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HealthEquity (HQY) Stock Forecast & Price Target

HealthEquity (HQY) Analyst Ratings

Based on 15 analyst ratings
Buy
Strong Buy 33%
Buy 53%
Hold 13%
Sell 0%
Strong Sell 0%

Bulls say

HealthEquity Inc has demonstrated strong financial growth, with custodial revenue increasing by 15.3% year-over-year to $159.9 million, contributing to an adjusted EBITDA margin improvement of 466 basis points, reaching 44.0%. The company’s total revenue in the third quarter rose 7.2% to $322.2 million, driven notably by custodial revenue expansion, which exceeded both internal projections and consensus estimates. Additionally, there has been a positive trend in total accounts, which grew 5.0% year-over-year to 17.280 million, reflecting increased participation in various consumer-directed benefit accounts.

Bears say

HealthEquity's stock outlook is negatively impacted by its current trading valuation, which is at 6.4 times its updated FY/26 revenue estimate, below the average valuation of its high-growth SaaS peer group at 7.6 times, indicating a potential undervaluation relative to peers. Additionally, the company faced negative results attributed to a significant $30 million one-time legal settlement in Q3/25, which may contribute to investor concerns about operational stability and financial performance. Projections for FY/27 indicate modest revenue growth of 8.3% year-over-year, slightly below prior expectations, alongside declining adjusted EBITDA expectations compared to earlier estimates, suggesting potential limitations in profitability expansion moving forward.

HealthEquity (HQY) has been analyzed by 15 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 53% recommend Buy, 13% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of HealthEquity and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About HealthEquity (HQY) Forecast

Analysts have given HealthEquity (HQY) a Buy based on their latest research and market trends.

According to 15 analysts, HealthEquity (HQY) has a Buy consensus rating as of Dec 13, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $119.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $119.60, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

HealthEquity (HQY)

Volume: 900.03K

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