Published on 19 Jun 2024 on Zacks · via Yahoo Finance

Here's Why You Should Retain HealthEquity (HQY) Stock for Now

HealthEquity, Inc. HQY has been gaining from its business model and strategy. The optimism led by a solid first-quarter fiscal 2025 performance and strength in Health Savings Accounts (HSA) are expected to contribute further. However, stiff competition and the possibility of unsuccessful acquisitions are major downsides.So far this year, this Zacks Rank #3 (Hold) company has gained 24.8% compared with the 4.7% rise of the industry and the S&P 500’s 14.6% growth.

This renowned provider of technology-enabled services platforms for healthcare savings and spending decisions has a market capitalization of $7.2 billion. The company projects 23.6% growth for the next five years and expects to witness continued improvements in its business. HealthEquity’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average earnings surprise being 17.2%.