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Bullish: Analysts Just Made A Huge Upgrade To Their Health In Tech, Inc. (NASDAQ:HIT) Forecasts

Simply Wall St · 07/29 10:34

Shareholders in Health In Tech, Inc. (NASDAQ:HIT) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analysts modelling a real improvement in business performance. Health In Tech has also found favour with investors, with the stock up a noteworthy 21% to US$1.64 over the past week. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.

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Following the upgrade, the current consensus from Health In Tech's twin analysts is for revenues of US$33m in 2025 which - if met - would reflect a major 23% increase on its sales over the past 12 months. Per-share earnings are expected to accumulate 3.5% to US$0.025. Previously, the analysts had been modelling revenues of US$29m and earnings per share (EPS) of US$0.015 in 2025. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

Check out our latest analysis for Health In Tech

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NasdaqCM:HIT Earnings and Revenue Growth July 29th 2025

With these upgrades, we're not surprised to see that the analysts have lifted their price target 43% to US$3.25 per share.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Health In Tech's rate of growth is expected to accelerate meaningfully, with the forecast 51% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 30% over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.5% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Health In Tech to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that the consensus looks almost universally bullish, with a substantial increase to forecasts and a higher price target, Health In Tech could be worth investigating further.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2027, which can be seen for free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.