Goldman Sachs analyst David Roman initiates coverage on $HealthEquity (HQY.US)$ with a hold rating, and sets the target price at $108.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 4.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $HealthEquity (HQY.US)$'s main analysts recently are as follows:
HealthEquity is perceived as 'one of the most secure digital health investments', due to the company's robust execution and commanding position in the industry. The reassessment of the company's valuation multiple has been influenced by more stable five-year treasury rates.
The firm's optimism towards HealthEquity is rooted in improving policy fundamentals, enhanced visibility into demand trends, and a robust economy and labor market. These factors are incorporated into their updated business outlook. Furthermore, as health-tech and services increasingly pivot towards consumer-facing digital products, the anticipated leadership of incoming CEO Scott Cutler is expected to spearhead further growth.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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