Hims & Hers Health

HIMS · NYSE

$29.21+$1.06 (+3.77%)TodayMarket closed ·
Prev close $28.15

HIMS analyst rating

HoldConsensus of 14 analysts over the last 12 months. 21% rate it a buy.
  • Strong buy0
  • Buy3
  • Hold11
  • Underperform0
  • Sell0

12-month price target · 16 analysts

Average $32.05 (+9.7% upside)

Low
$23.69
Now
$29.21
High
$44.10

Upgrades and downgrades

The latest rating actions, newest first

HIMS analyst upgrades, downgrades and rating actions
FirmDateActionRating
JP MorganSep 11, 2026InitiatesNeutral
Truist SecuritiesAug 24, 2026MaintainsHold
BarclaysAug 21, 2026MaintainsOverweight
CitigroupAug 11, 2026MaintainsNeutral
Deutsche BankAug 11, 2026MaintainsHold
B of A SecuritiesAug 11, 2026MaintainsNeutral
TD CowenAug 11, 2026MaintainsHold
Morgan StanleyAug 11, 2026MaintainsEqual-Weight
NeedhamAug 11, 2026MaintainsBuy
Truist SecuritiesJul 24, 2026MaintainsHold

The case for and against

Updated Oct 14, 2026

Bull case

Hims & Hers Health is supported by rapid top-line growth, with 2Q26 revenue of $753.2 million up 38.2% year over year, adjusted EBITDA of $60.3 million above expectations, and subscribers rising to 2.891 million while monthly revenue per average subscriber increased 21% to $92. The bullish view also rests on expanding categories and geographies: strong branded weight-loss demand, testosterone replacement therapy scaling toward a $100 million annual run rate, and international expansion after Eucalyptus, which helped drive international revenue growth and is expected to lift revenue to at least $600 million in 2026. Although margins are pressured by mix shift and reinvestment, management’s AI and operational efficiencies are improving retention, lowering support burden, and positioning the platform for durable operating leverage and long-term scale.

Bear case

Hims & Hers Health is facing a fundamental tradeoff between growth and profitability, as revenue is being supported by acquisitions, international expansion, and weight-loss demand while gross margin compression and higher operating expenses weigh on near-term earnings. In 2Q26, revenue rose 38.2% year over year to $753.2 million and adjusted EBITDA was $60.3 million, yet gross margin fell to 63.8% and free cash flow deteriorated to negative $68.2 million, underscoring a capital-intensive growth model with thinning profitability. The outlook remains cautious because the shift from compounded to branded GLP-1 products, tighter regulation, and possible competition-driven share loss could further pressure EBITDA, margins, and subscriber retention.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.