HLI

Houlihan Lokey Inc

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190.450

+1.56(0.826%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

191.010

Open

188.870

VWAP

190.27

Vol

277.84K

Mkt Cap

13.39B

Low

188.870

Amount

52.86M

EV/EBITDA(TTM)

20.06

Total Shares

68.58M

12.50B

EV/OCF(TTM)

16.00

P/S(TTM)

5.23

Houlihan Lokey, Inc. is a global investment bank specializing in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Its segments include Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). CF segment provides general financial advisory services and advice on mergers and acquisitions and capital solutions offerings. FR segment offers a range of advisory services to its clients, including: the structuring, negotiation, and confirmation of plans of reorganization; liability management transactions; corporate viability assessment, and procuring debtor-in-possession financing. FVA segment provides financial advisory and valuation services with respect to companies, debt and equity interests (including complex illiquid investments), and other types of assets and liabilities, and others. It also provides investment banking advice to clients in the insurance and wealth management sectors.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

731.75M

+9.8%

1.990

+1.53%

710.02M

+11.92%

1.906

+16.2%

638.32M

+11.02%

1.643

+12.52%

Estimates Revision

The market is revising Upward the revenue expectations for Houlihan Lokey, Inc. (HLI) for FY2026, with the revenue forecasts being adjusted by 2.6% over the past three months. During the same period, the stock price has changed by 7.08%.

Revenue Estimates for FY2026

Revise Upward

+2.6%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+8.31%

In Past 3 Month

Stock Price

Go Up

+7.08%

In Past 3 Month

6 Analyst Rating

3.53% Upside

Wall Street analysts forecast HLI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HLI is 197.17 USD with a low forecast of 162.00 USD and a high forecast of 232.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

1 Hold

1 Sell

Moderate Buy

3.53% Upside

Current: 190.450

Low

162.00

Averages

197.17

High

232.00

3.53% Upside

Current: 190.450

Low

162.00

Averages

197.17

High

232.00

Keefe Bruyette

Alex Bond

Market Perform -> Outperform

upgrade

$185 -> $232

2025-07-13

Reason

Keefe Bruyette

Alex Bond

Price Target

$185 -> $232

2025-07-13

upgrade

Market Perform -> Outperform

Reason

Keefe Bruyette analyst Alex Bond upgraded Houlihan Lokey to Outperform from Market Perform with a price target of $232, up from $185, following a transfer of coverage. The firm believes the merger and acquisition environment should continue to improve gradually throughout the second half of the year. While policy and geopolitical uncertainty remain a risk, deal pipelines are still near all-time highs, the analyst tells investors in a research note.

Wolfe Research

Underperform

maintain

$151 -> $162

2025-07-10

Reason

Wolfe Research

Price Target

$151 -> $162

2025-07-10

maintain

Underperform

Reason

Wolfe Research raised the firm's price target on Houlihan Lokey to $162 from $151 and keeps an Underperform rating on the shares. The firm has confidence in recommending alternative asset managers over the merger and acquisition brokers as a way to play the improving capital markets backdrop.

Morgan Stanley

Overweight

maintain

$159 -> $192

2025-06-23

Reason

Morgan Stanley

Price Target

$159 -> $192

2025-06-23

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on Houlihan Lokey to $192 from $159 and keeps an Overweight rating on the shares. The firm, which raised its Midcap Advisors Industry View to In-Line due to improving market conditions for dealmaking, expects the pipeline to start moving again, driven by rapidly improving market conditions, regulatory clarity, significant pent-up demand, and structural drivers of M&A, the analyst tells investors in a group note.

Keefe Bruyette

Market Perform

maintain

$183 -> $185

2025-05-12

Reason

Keefe Bruyette

Price Target

$183 -> $185

2025-05-12

maintain

Market Perform

Reason

Keefe Bruyette raised the firm's price target on Houlihan Lokey to $185 from $183 and keeps a Market Perform rating on the shares. Messaging was relatively consistent across the industry as the recent market volatility has led to a slowdown in completed deals, but management teams remain upbeat, the analyst tells investors in a research note.

Wells Fargo

Overweight

maintain

$170 -> $185

2025-05-08

Reason

Wells Fargo

Price Target

$170 -> $185

2025-05-08

maintain

Overweight

Reason

Wells Fargo raised the firm's price target on Houlihan Lokey to $185 from $170 and keeps an Overweight rating on the shares. The firm says the defense and offense delivered this quarter, with all three businesses topping consensus. Commentary suggests pace of activity still chugging along fine and RX outlook bright, Wells adds.

Wells Fargo

Michael Brown

Buy

Maintains

$179 → $170

2025-04-08

Reason

Wells Fargo

Michael Brown

Price Target

$179 → $170

2025-04-08

Maintains

Buy

Reason

Wells Fargo analyst Michael Brown lowered the firm's price target on Houlihan Lokey to $170 from $179 and keeps an Overweight rating on the shares. The firm says that Q1 results should be decent for the asset managers/brokers group, but the focus is now on what's to come. In Wells' coverage, there are few places to hide from the tariff storm. Alts are nearing levels that are tough to ignore, but stocks can overshoot to the downside, the firm adds.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Houlihan Lokey Inc (HLI.N) is 24.99, compared to its 5-year average forward P/E of 20.35. For a more detailed relative valuation and DCF analysis to assess Houlihan Lokey Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

20.35

Current PE

24.99

Overvalued PE

24.71

Undervalued PE

15.99

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

3.65

Current PS

4.82

Overvalued PS

4.37

Undervalued PS

2.92