HURN Stock Forecast & Price Target

Huron Consulting Gr is supported by durable demand across healthcare, education, and commercial consulting, with FY3Q26 revenue before reimbursable expenses of $482.5 million, up 12% year over year, and adjusted EBITDA of $77.3 million at a 16.0% margin. Healthcare remains the core growth engine, contributing $255.8 million, or 53.2% of revenue, as structural pressure on provider economics fuels non-discretionary performance-improvement and managed-services demand, while bookings rose 20% over the past six months with more than 65% of digital bookings involving direct AI scope or delivery. The outlook is further reinforced by narrowed FY26 revenue guidance of $1.855 billion to $1.885 billion, raised EPS guidance of $9.20 to $9.40, and a larger share repurchase program, all of which point to strong execution, improving profitability, and attractive capital returns.

Huron Consulting Gr is facing deteriorating fundamentals as operating income margin slipped to 12.2% and $58.8 million, below the Street’s 13.4% estimate of $62.5 million, while healthcare and commercial margins also weakened versus the year-ago period. Cash generation has softened materially, with cash flow from operations falling to $57.0 million from $93.8 million and adjusted free cash flow dropping to $49.1 million, driven by higher compensation, software, hosting costs, and slower collections that pushed days sales outstanding to 83 days from 79 days. The outlook remains negative because FY26 free cash flow guidance was cut to $150.0 million-$170.0 million from $180.0 million-$220.0 million, while macro volatility, client insourcing, wage inflation, competition, outcome-based delivery risk, and ~80% vertical concentration in healthcare and education heighten earnings and execution risk.