B+
Bull case
20%
Probability
Target price
$36.00
Analysis reference price unavailable
Analysis 2026-08-08 · RankAlpha Sentiment Codex
HSTM
HealthStreamCNasdaq / Health Care Equipment & Services
Last Price
Quote time unavailable
Current thesis
Record Q2 revenue, double-digit subscription growth, stronger operating income, and raised revenue and adjusted EBITDA guidance support a constructive operating trajectory. The company also reported $66.7 million of cash, marketable securities, and no borrowed-money debt.
Posture
Mixed
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-26.
What can break
Higher personnel, software, commissions, marketing, cloud hosting, royalties, and acquisition-related amortization costs could limit operating leverage.
Momentum
92
Value
58
Sentiment
37
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $30.00 · Bull $36.00 · Bear $23.50Analysis 2026-08-08; returns require an exact persisted reference.
Earnings
2026-10-26
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-08 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $35.00
Why
Momentum92 · Δ7d +2.8
Value58 · Δ7d -0.8
Sentiment37 · Δ7d -4.4
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Next scheduled catalyst: earnings 2026-10-26.
- • Value remains the lead driver in the composite, 7D delta -0.8.
Contradictions & invalidation
- • Higher personnel, software, commissions, marketing, cloud hosting, royalties, and acquisition-related amortization costs could limit operating leverage.
- • Management guidance assumes continued new sales and renewals and no deterioration in general economic conditions.
- • The quarter benefited from acquisition contribution and a $2.0 million cumulative catch-up, while net income guidance declined and operating expenses increased.
Catalyst clock
2026-10-26
Q2 results and guidance update
Lead driver: Value · See fundamentals
Momentum
92
8% active weight
Current posture
7d trendImproving
Δ7d
+2.8
Δ21d
+16.3
Value
58
47% active weight
Current posture
7d trendFlat
Δ7d
-0.8
Δ21d
-1.9
Sentiment
37
45% active weight
Current posture
7d trendSoftening
Δ7d
-4.4
Δ21d
-20.7
Why this grade
Composite grade C. Momentum 91.6 / Value 58.4 / Sentiment 37.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-08. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$30.00
Analysis reference price unavailable
Analysis 2026-08-08 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$23.50
Analysis reference price unavailable
Analysis 2026-08-08 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$1.08B
Beta
0.44
Shares Out
30.6M
P/E (TTM)
33.7
P/S (TTM)
2.29
P/FCF (TTM)
26.90
Rev YoY
+12.5%
EPS YoY
+28.5%
Gross Margin
+51.2%
Op Margin
+8.0%
Net Debt
-$39.43M
Current Ratio
1.06
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data