HealthEquity Projects FY 2027 Revenue of $1.38B to $1.41B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Should l Buy HQY?
HealthEquity announced its initial outlook for its fiscal year ending January 31, 2027 and reaffirmed previously provided guidance for its fiscal year ending January 31, 2026. For the fiscal year ending January 31, 2027, management expects revenues in the range of $1.38B-$1.41B with Adjusted EBITDA margin of 43.8% to 44.3% and a yield on HSA Cash of approximately 3.75%. "Today, we issued our initial fiscal 2027 outlook, reflecting the progress we've made strengthening HealthEquity's foundation and building momentum as a scaled platform," said Scott Cutler, President and CEO of HealthEquity. "Over the past year, we've modernized the business, raising the bar on security and trust, accelerating the digital experience, and driving engagement, so the model compounds over time. Healthcare affordability is a structural challenge, making HSAs increasingly central to how Americans finance care. With our scale and an ecosystem of 200+ integrated Network Partners, including health and retirement plan partners, brokers and benefit advisors, we believe HealthEquity is positioned to drive durable growth and create long-term value for shareholders."
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Analyst Views on HQY
Wall Street analysts forecast HQY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HQY is 117.09 USD with a low forecast of 89.00 USD and a high forecast of 129.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
1 Hold
1 Sell
Moderate Buy
Current: 79.220
Low
89.00
Averages
117.09
High
129.00
Current: 79.220
Low
89.00
Averages
117.09
High
129.00
About HQY
HealthEquity, Inc. is engaged in providing technology-enabled services that enables consumers to make healthcare saving and spending decisions. The Company uses its technology to manage consumer tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and to administer Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It provides consumers with payment processing services, personalized benefit information, the ability to earn wellness incentives, and investment advice. It offers an investment platform and access to an online-only automated investment advisory service to all of its members whose account balances exceed a stated threshold. It administers pre-tax commuter benefit programs through which employers are permitted to provide employees with commuter benefits including qualified transit and parking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Drug Price Reform: The White House's unveiling of 'The Great Healthcare Plan' on January 15, 2026, aims to significantly reduce prescription drug prices through 'Most-Favored-Nation' pricing agreements, alleviating consumer burdens and reshaping the pharmaceutical market landscape.
- Subsidy Shift: By redirecting insurance subsidies directly to consumers instead of insurers, the plan is expected to lower insurance costs and enhance consumer choice, thereby impacting the revenue models of traditional insurance companies.
- Retail Pharmacy Gains: The proposal to allow more prescription drugs to be sold over-the-counter will directly boost sales for retail pharmacies like Walmart, increasing foot traffic and enhancing the profitability of their clinic operations.
- Portfolio Reevaluation: Investors are advised to reassess their ETF portfolios, prioritizing companies that benefit from the new policies, such as HealthEquity and the iShares U.S. Pharmaceuticals ETF, while avoiding middlemen companies facing regulatory pressures.
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- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 67.4, HQY's 28.8 RSI suggests relative weakness, which may attract investors looking for undervalued opportunities.
- Historical Performance: HQY's 52-week low is $74.07 and high is $116.65, with the current trading price of $84.55 reflecting its performance within this range, prompting a reassessment by investors.
- Investor Sentiment: While the stock is currently oversold, investors should cautiously evaluate market trends to avoid making impulsive decisions in an uncertain market environment.
See More
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- Wage Growth Exceeds Expectations: Average hourly earnings rose 3.8% year-over-year in December, surpassing the 3.6% forecast, which not only enhances consumer spending power but also supports economic growth.
- Consumer Confidence Rebounds: The University of Michigan's January consumer sentiment index increased to 54.0, exceeding expectations of 53.5, suggesting growing optimism among consumers about the economic outlook, potentially driving future consumption.
- Global Market Synchronization: European and Chinese stock markets rallied in tandem, contributing to gains in the US stock market, reflecting the potential for global economic recovery and further enhancing investor risk appetite.
See More
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- Employment Data Impact: U.S. nonfarm payrolls rose by 50,000 in December, below the expected 70,000, although the unemployment rate fell to 4.4%, indicating labor market resilience that may influence the Fed's monetary policy direction.
- Consumer Confidence Rise: The University of Michigan's consumer sentiment index rose to 54.0 in January, exceeding expectations of 53.5, suggesting that consumer optimism about the economic outlook could boost spending.
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See More
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- Employment Data Insight: The U.S. added 50,000 nonfarm jobs in December, falling short of the 70,000 expected, while the unemployment rate dropped to 4.4%, indicating labor market resilience that may influence future monetary policy.
- Building Permit Growth: Despite October housing starts unexpectedly falling to a 5.5-year low, building permits rose to 1.412 million, exceeding expectations of 1.35 million, suggesting a potential rebound in future construction activity.
- Global Market Impact: U.S. stocks are buoyed by a rebound in global markets, with the Euro Stoxx 50 reaching a new record high, reflecting international investor confidence in the U.S. economy, which may further drive capital inflows.
See More
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- Increased Interest in Health Savings Accounts: As a response to rising costs, more Americans may consider utilizing health savings accounts (HSAs) for managing healthcare expenses.
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