HealthEquity (HQY) stock is surging 5.33% in pre-market trading on Wednesday, following the release of robust Q1 2026 financial results and a series of positive analyst actions. The healthcare savings and spending account provider has impressed investors with its strong performance and optimistic outlook.

The company's Q1 earnings report, released after market close on Tuesday, showcased HealthEquity's solid financial footing and growth trajectory. While specific figures were not provided, the results appear to have exceeded market expectations, triggering a wave of positive sentiment among analysts and investors alike.

In response to the earnings release, several prominent financial institutions have raised their price targets for HealthEquity. RBC Capital increased its target from $112 to $117, maintaining an Outperform rating. Similarly, Bank of America Securities reiterated a Buy rating and boosted its price objective to $125 from $110. These upgrades reflect growing confidence in HealthEquity's business model and future prospects. According to FactSet, the average analyst rating for HQY stock is now "Buy" with a mean price target of $115.14, indicating further upside potential.