Reasons to hold HealthEquity stock in your portfolio for now
HealthEquity, Inc. HQY has been gaining from its business model and strategy. The optimism, led by a solid second-quarter ...
Model output · Signal date 2026-10-14
Healthequity, Inc. (HQY) Stock Forecast Oct. 14, 2026
Analysis updated on Oct. 14, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Top 35%
of 5379 stocks scored
Rank correlation · 90D
n/a
No per-ticker sample yet
Market Cap
$7.46B
mid-cap · #23 of 60 peers
Summary
Healthequity, Inc. (HQY) stock forecast summary
Our AI ranks Healthequity, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Healthequity, Inc. is a mid-cap company with a market capitalization of $7.46B. It ranks number 23 by market capitalization among the 60 Services-Business Services, NEC issuers in our coverage with a current forecast.
A per-ticker accuracy statistic for HQY is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.5%, sell < -0.5%, strong sell < -1.6% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-13 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, HQY included.
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HQY price chart and AI forecast
Cross-section · 2026-10-13
How HQY ranks among 5379 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals
Healthequity, Inc. (HQY) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Business Services, NEC peers listed below that report each metric.
Valuation & Market
| Metric | HQY | Rank |
|---|---|---|
| Market Cap | $7.46B | 23/60 |
| P/E Ratio | 31.54x | 11/34 |
| P/B Ratio | 3.75x | 26/47 |
| EPS | $2.56 | – |
| Book Value/Share | $24.06 | – |
| Revenue/Share | $16.47 | – |
| FCF/Share | $5.90 | – |
Profitability & Margins
| Metric | HQY | Rank |
|---|---|---|
| ROE | 11.9% | 23/39 |
| ROA | 7.2% | 17/45 |
| ROIC | 11.3% | 28/50 |
| Gross Margin | 71.2% | 12/41 |
| Operating Margin | 25.8% | 7/51 |
| Net Margin | 17.4% | 10/45 |
| EBT Margin | 22.7% | 9/53 |
| Tax Rate | 23.4% | – |
Financial Health
| Metric | HQY | Rank |
|---|---|---|
| Current Ratio | 2.99x | 6/54 |
| D/E Ratio | 0.64x | 40/47 |
| Financial Leverage | 1.64x | 40/47 |
| Interest Coverage | 4.2x | 23/49 |
| Working Capital | $306M | 28/54 |
Cash Flow
| Metric | HQY | Rank |
|---|---|---|
| Operating Cash Flow | $490M | 24/53 |
| Free Cash Flow | $488M | 21/46 |
| Capital Spending | -$2M | 5/46 |
| OCF Growth YoY | 33.6% | 13/45 |
| FCF Growth YoY | 33.5% | 12/40 |
| FCF/Sales | 35.8% | 6/46 |
| CapEx/Sales | 0.2% | 44/46 |
Operational Efficiency
| Metric | HQY | Rank |
|---|---|---|
| Asset Turnover | 0.42x | 33/48 |
| Receivables Turnover | 11.2x | 13/41 |
| Fixed Assets Turnover | 282.4x | 2/44 |
| Days Sales Outstanding | 33 days | 29/41 |
| Payables Period | 8 days | 32/35 |
Income Statement
| Metric | HQY | Rank |
|---|---|---|
| Total Revenue | $1.36B | 32/48 |
| Operating Income | $351M | 23/51 |
| Net Income | $236M | 20/45 |
| R&D Expense | $278M | 12/25 |
| SG&A Expense | $397M | 28/42 |
| Cost of Goods Sold | $392M | 31/41 |
Dividend & Shareholder Information
| Metric | HQY | Rank |
|---|---|---|
| Shares Outstanding | 83M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $460M | 14.1% of assets |
| Cash & Short-term Investments | $256M | 7.8% of assets |
| Accounts Receivable | $122M | 3.7% of assets |
| Total Liabilities | $1.28B | 39.2% of assets |
| Short-term Debt | $145M | 4.4% of assets |
Quarterly Financial Reports
HQY quarterly financials and insider trading
Industry Peers · Services-Business Services, NEC
Healthequity, Inc. (HQY) industry peers
Companies classified under the same SEC industry code as Healthequity, Inc. (Services-Business Services, NEC): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| HQY Healthequity, Inc. | ▲ | $7.46B |
| MA Mastercard Inc | ▶ | $529.81B |
| PDD Pdd Holdings Inc. | ▶ | $466.65B |
| UBER Uber Technologies, Inc | ▲ | $145.68B |
| ACN Accenture Plc | ▼ | $142.62B |
| MELI Mercadolibre Inc | ▲ | $95.11B |
| DASH Doordash, Inc. | ▲ | $83.67B |
| RELX Relx Plc | ▼ | $66.76B |
| EBAY Ebay Inc | ▼ | $51.80B |
| PYPL Paypal Holdings, Inc. | ▼ | $49.55B |
| MSCI Msci Inc. | ▶ | $40.77B |
| CPAY Corpay, Inc. | ▼ | $26.20B |
| FISV Fiserv Inc | ▼ | $24.81B |
| GPN Global Payments Inc | ▶ | $21.67B |
| BR Broadridge Financial Solutions, Inc. | ▶ | $19.21B |
| KSPI Joint Stock Co Kaspi.Kz | ▲ | $18.28B |
| FIS Fidelity National Information Services, Inc. | ▼ | $18.15B |
| RBA Rb Global Inc. | ▼ | $16.34B |
| FICO Fair Isaac Corp | ▲ | $15.62B |
| AKAM Akamai Technologies Inc | ▶ | $14.36B |
| WSE Wise Group Plc | ▶ | $12.46B |
| CSGP Costar Group, Inc. | ▲ | $12.16B |
| CART Maplebear Inc. | ▲ | $11.49B |
| ETSY Etsy Inc | ▶ | $7.28B |
| ANDG Andersen Group Inc. | ▲ | $6.56B |
| Z Zillow Group, Inc. | ▶ | $6.29B |
| LYFT Lyft, Inc. | ▲ | $6.20B |
| XMTR Xometry, Inc. | ▲ | $6.19B |
| WEX Wex Inc. | ▼ | $5.95B |
| EXLS Exlservice Holdings, Inc. | ▲ | $5.68B |
| RELY Remitly Global, Inc. | ▲ | $5.03B |
| QH Quhuo Ltd | ▶ | $4.88B |
| AMTM Amentum Holdings, Inc. | ▼ | $4.53B |
| DLO Dlocal Ltd | ▲ | $4.43B |
| SEZL Sezzle Inc. | ▶ | $4.38B |
| PAY Paymentus Holdings, Inc. | ▲ | $4.01B |
| FOUR Shift4 Payments, Inc. | ▶ | $3.15B |
| TNET Trinet Group, Inc. | ▶ | $3.06B |
| MMS Maximus, Inc. | ▶ | $3.04B |
| CBZ Cbiz, Inc. | ▼ | $2.97B |
| PAYO Payoneer Global Inc. | ▼ | $2.42B |
| TIC Tic Solutions, Inc. | ▶ | $1.99B |
| ACVA Acv Auctions Inc. | ▶ | $1.78B |
| CNXC Concentrix Corp | ▲ | $1.65B |
| LQDT Liquidity Services Inc | ▶ | $1.38B |
| RSKD Riskified Ltd. | ▲ | $1.33B |
| RDWR Radware Ltd | ▲ | $1.27B |
| QNST Quinstreet, Inc | ▲ | $900M |
| PAYS Paysign, Inc. | ▲ | $874M |
| TC Token Cat Ltd | ▼ | $737M |
| CASS Cass Information Systems Inc | ▲ | $688M |
| TDTH Trident Digital Tech Holdings Ltd | ▼ | $688M |
| PHR Phreesia, Inc. | ▲ | $667M |
| PRTH Priority Technology Holdings, Inc. | ▶ | $644M |
| MAX Mediaalpha, Inc. | ▲ | $641M |
| CTEV Claritev Corp | ▶ | $402M |
| ADV Advantage Solutions Inc. | ▲ | $398M |
| RMNI Rimini Street, Inc. | ▲ | $382M |
| RPAY Repay Holdings Corp | ▲ | $355M |
| IMXI International Money Express, Inc. | ▲ | $328M |
Where HQY sits on the market map
Trade & Services · Services-Business Services, NEC
News
Healthequity, Inc. (HQY) stock news
HealthEquity, Inc. (HQY) Q2 2027 Earnings Call Transcript
Good day and welcome to the HealthEquity Second Quarter 2027 Earnings Conference Call. [Operator Instructions] Please note that today's event is being recorded. I'd now like to turn the conference ...
HealthEquity, Inc. Just Recorded A 22% EPS Beat: Here's What Analysts Are Forecasting Next
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FAQ
Healthequity, Inc. (HQY) stock forecast FAQ
What is the Healthequity, Inc. (HQY) stock forecast?
Our AI ranks Healthequity, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Healthequity, Inc. stock predictions?
A per-ticker accuracy statistic for HQY is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Healthequity, Inc. forecasts updated?
Healthequity, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 14, 2026.
Which companies are Healthequity, Inc.'s industry peers?
60 issuers in our coverage, HQY included, share the SEC industry code Services-Business Services, NEC. The largest are: Mastercard Inc (MA), Pdd Holdings Inc. (PDD), Uber Technologies, Inc (UBER), Accenture Plc (ACN), Mercadolibre Inc (MELI), Doordash, Inc. (DASH).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.