HURN Stock Forecast & Price Target

Huron Consulting Gr is supported by resilient demand across healthcare, education, and commercial services, where structural pressure on providers and universities keeps consulting, managed services, and digital transformation work highly sticky. FY3Q26 revenue before reimbursable expenses rose 12% y/y to $482.5 million, adjusted EBITDA reached $77.3 million at a 16.0% margin, and bookings grew 20% y/y over the past six months, with more than 65% of digital bookings involving direct AI scope or delivery. The outlook is further strengthened by narrowed FY26 revenue guidance of $1.855 billion to $1.885 billion, raised EPS guidance of $9.20 to $9.40, and an expanded share repurchase authorization through December 31, 2028, while management sees continued margin expansion and growth into FY27 and beyond.

Huron Consulting Gr is showing weaker underlying fundamentals as operating income margin fell to 12.2% from the Street’s 13.4% estimate, while cash flow from operations dropped to $57.0 million from $93.8 million and adjusted free cash flow declined to $49.1 million. The deterioration reflects higher compensation, software, and data hosting costs, plus slower collections that pushed days sales outstanding to 83 days and reduced FY26 free cash flow guidance to $150.0 million-$170.0 million from $180.0 million-$220.0 million. The outlook is further pressured by margin compression in Commercial and only slightly softer Healthcare margins, alongside concentration risk, rising competition, wage inflation, and a higher mix of outcome-based business that increases delivery risk.