Health Catalyst, Inc. (HCAT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Health Catalyst, Inc. (HCAT) stock forecast summary
On Oct. 16, 2026, HCAT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
Health Catalyst, Inc. is a small-cap company with a market capitalization of $130M. It ranks number 46 by market capitalization among the 60 Services-Computer Programming, Data Processing, Etc. issuers in our coverage with a current forecast.
For HCAT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 33.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How HCAT ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Health Catalyst, Inc. (HCAT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Computer Programming, Data Processing, Etc. peers listed below that report each metric.
Valuation & Market
| Metric | HCAT | Rank |
|---|---|---|
| Market Cap | $130M | 46/60 |
| P/B Ratio | 1.29x | 34/41 |
| EPS | $-4.04 | – |
| Book Value/Share | $1.34 | – |
| Revenue/Share | $3.88 | – |
| FCF/Share | $0.36 | – |
Profitability & Margins
| Metric | HCAT | Rank |
|---|---|---|
| ROE | -262.6% | 31/32 |
| ROA | -73.8% | 37/38 |
| ROIC | -92.5% | 41/41 |
| Gross Margin | 50.5% | 34/45 |
| Operating Margin | -84.4% | 40/45 |
| Net Margin | -90.6% | 36/39 |
| EBT Margin | -96.9% | 42/47 |
| Tax Rate | -0.4% | – |
Financial Health
| Metric | HCAT | Rank |
|---|---|---|
| Current Ratio | 2.70x | 17/53 |
| D/E Ratio | 2.56x | 9/46 |
| Financial Leverage | 3.56x | 8/44 |
| Interest Coverage | -3.9x | 36/49 |
| Working Capital | $156M | 23/52 |
Cash Flow
| Metric | HCAT | Rank |
|---|---|---|
| Operating Cash Flow | $28M | 30/49 |
| Free Cash Flow | $27M | 25/37 |
| Capital Spending | -$1M | 8/37 |
| FCF/Sales | 9.2% | 22/38 |
| CapEx/Sales | 0.4% | 30/38 |
Operational Efficiency
| Metric | HCAT | Rank |
|---|---|---|
| Asset Turnover | 0.81x | 13/38 |
| Receivables Turnover | 7.0x | 22/40 |
| Fixed Assets Turnover | 8.7x | 28/40 |
| Days Sales Outstanding | 52 days | 19/40 |
| Payables Period | 21 days | 26/34 |
Income Statement
| Metric | HCAT | Rank |
|---|---|---|
| Total Revenue | $292M | 30/42 |
| Operating Income | -$247M | 41/47 |
| Net Income | -$265M | 34/38 |
| R&D Expense | $43M | 26/37 |
| SG&A Expense | $130M | 31/41 |
| Cost of Goods Sold | $145M | 25/44 |
Dividend & Shareholder Information
| Metric | HCAT | Rank |
|---|---|---|
| Shares Outstanding | 75M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $248M | 69.3% of assets |
| Cash & Short-term Investments | $61M | 16.9% of assets |
| Accounts Receivable | $42M | 11.7% of assets |
| Total Liabilities | $258M | 71.9% of assets |
| Short-term Debt | $84M | 23.3% of assets |
HCAT quarterly financials and insider trading
Health Catalyst, Inc. (HCAT) industry peers
Companies classified under the same SEC industry code as Health Catalyst, Inc. (Services-Computer Programming, Data Processing, Etc.): 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 |
|---|---|---|
| HCAT Health Catalyst, Inc. | ▶ | $130M |
| GOOG Alphabet Inc. | ▶ | $4.12T |
| SPCX Space Exploration Technologies Corp | ▶ | $1.92T |
| META Meta Platforms, Inc. | ▶ | $1.81T |
| APP Applovin Corp | ▼ | $89.06B |
| NBIS Nebius Group N.V. | ▲ | $41.87B |
| ZM Zoom Communications, Inc. | ▶ | $27.48B |
| FLUT Flutter Entertainment Plc | ▲ | $13.12B |
| PINS Pinterest, Inc. | ▲ | $12.41B |
| TEM Tempus Ai, Inc. | ▲ | $11.68B |
| DOCN Digitalocean Holdings, Inc. | ▲ | $11.60B |
| FDS Factset Research Systems Inc | ▶ | $10.73B |
| SNAP Snap Inc | ▲ | $10.37B |
| MTCH Match Group, Inc. | ▶ | $9.86B |
| BZ Kanzhun Ltd | ▶ | $7.51B |
| TTD Trade Desk, Inc. | ▲ | $5.75B |
| GDS Gds Holdings Ltd | ▲ | $4.57B |
| SRAD Sportradar Group Ag | ▶ | $3.56B |
| MGNI Magnite, Inc. | ▶ | $3.35B |
| WIX Wix.Com Ltd. | ▲ | $3.23B |
| PPLI People Inc | ▼ | $2.89B |
| CSQR Csquare, Inc. | ▶ | $2.68B |
| GRND Grindr Inc. | ▲ | $2.45B |
| RUM Rum Group Inc. | ▲ | $2.28B |
| DV Doubleverify Holdings, Inc. | ▼ | $2.09B |
| DJT Trump Media & Technology Group Corp. | ▼ | $1.94B |
| WB Weibo Corp | ▼ | $1.59B |
| TRIP Tripadvisor, Inc. | ▶ | $1.09B |
| VNET Vnet Group, Inc. | ▲ | $1.06B |
| HSTM Healthstream Inc | ▶ | $969M |
| NXDR Nextdoor Holdings, Inc. | ▲ | $952M |
| TBLA Taboola.Com Ltd. | ▲ | $929M |
| BMBL Bumble Inc. | ▲ | $910M |
| SIFY Sify Technologies Ltd | ▼ | $828M |
| DSP Viant Technology Inc. | ▲ | $789M |
| CEVA Ceva Inc | ▲ | $774M |
| EVER Everquote, Inc. | ▲ | $768M |
| PUBM Pubmatic, Inc. | ▲ | $758M |
| RZLV Rezolve Ai Plc | ▼ | $730M |
| SMWB Similarweb Ltd. | ▲ | $726M |
| RXT Rackspace Technology, Inc. | ▲ | $720M |
| SABR Sabre Corp | ▲ | $678M |
| NEXN Nexxen International Ltd. | ▶ | $499M |
| ZIP Ziprecruiter, Inc. | ▲ | $363M |
| BLND Blend Labs, Inc. | ▲ | $213M |
| SANG Sangoma Technologies Corp | ▲ | $159M |
| GOAI Eva Live Inc | ▲ | $61M |
| JG Aurora Mobile Ltd | ▲ | $53M |
| PODC Podcastone, Inc. | ▲ | $53M |
| SOGP Sound Group Inc. | ▲ | $44M |
| RMXI Rmx Industries, Inc. | ▼ | $42M |
| TEAD Teads Holding Co. | ▲ | $39M |
| HOLO Microcloud Hologram Inc. | ▼ | $27M |
| IPM Intelligent Protection Management Corp. | ▶ | $23M |
| SST System1, Inc. | ▼ | $18M |
| TRSO Transuite.Org Inc. | ▼ | $14M |
| CDLX Cardlytics, Inc. | ▲ | $12M |
| GITS Global Interactive Technologies, Inc. | ▶ | $6M |
| TWAV Taoweave, Inc. | ▲ | $5M |
| CNET Zw Data Action Technologies Inc. | ▲ | $5M |
Where HCAT sits on the market map
Health Catalyst, Inc. (HCAT) stock news
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Health Catalyst, Inc. (HCAT) stock forecast FAQ
What is the Health Catalyst, Inc. (HCAT) stock forecast?
On Oct. 16, 2026, HCAT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
How accurate are Health Catalyst, Inc. stock predictions?
For HCAT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 33.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Health Catalyst, Inc. forecasts updated?
Health Catalyst, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Health Catalyst, Inc.'s industry peers?
60 issuers in our coverage, HCAT included, share the SEC industry code Services-Computer Programming, Data Processing, Etc.. The largest are: Alphabet Inc. (GOOG), Space Exploration Technologies Corp (SPCX), Meta Platforms, Inc. (META), Applovin Corp (APP), Nebius Group N.V. (NBIS), Zoom Communications, Inc. (ZM).
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.