HealthEquity, Inc. (HQY): Among the Health Information Services Stocks Outpacing the Market in 2025

We recently published an article titled Top 10 Health Information Services Stocks Outpacing The Market In 2025. In this article, we are going to take a look at where HealthEquity, Inc. (NASDAQ:HQY) stands against the other health information services stocks.

Health Information Services stocks have become a key focus for investors as AI starts to enter more domains in 2025. Some of the most amazing gains have come in health information services stocks that are utilizing AI to improve research and services in the healthcare sector.

The healthcare information services sector allows investors to gain exposure to a number of growing and emerging technologies including cloud-backed software solutions to physician enablement platforms. Some of the companies in our list are surging based on earnings anticipation while others are increasing in share price because of their upcoming products or revenue growth.

To come up with our list of top 10 health information services stocks outpacing the broader market in 2025, we only considered stocks with a market cap of at least $2 billion that were outperforming the S&P 500 index.

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HealthEquity, Inc. (NASDAQ:HQY)

HealthEquity, Inc. (NASDAQ:HQY) is a technology-enabled services platform provider to employers and consumers in the US. It provides health savings accounts and cloud-based platforms for individuals. The company offers its services through a network of health plans, a direct sales force, and benefits brokers & advisors. The stock is up 18% so far this year.

The company’s Health Savings Accounts (HSAs) give consumers the ability to pay for medical expenses tax-free while accruing tax-free interest on their HSA cash. Last month, the company announced that its HSA assets are estimated to have grown by approximately 23% to $31 billion with $17 billion in cash. The company now has 17 million users using its services. The company’s fiscal year closes at the end of March and with a record year on the horizon, investor optimism is quite high causing the rally in the stock.

Overall HQY ranks 8th on our list of the health information services stocks outpacing the market in 2025. While we acknowledge the potential of HQY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as HQY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.