SLQT Should I Buy
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SelectQuote Inc (SLQT) is not a strong buy at the moment for a beginner investor with a long-term strategy. The technical indicators are bearish, recent analyst ratings have reduced price targets, and financial performance shows declining profitability despite revenue growth. While options data indicates a bullish sentiment, the lack of significant positive catalysts and weak financial trends suggest holding off on investment for now.
The technical indicators for SLQT are bearish. The MACD is below zero and negatively contracting, the RSI is neutral at 20.7, and the moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The key support level is at 0.817, with resistance at 1.028. The stock is currently trading below the pivot point, suggesting further downside potential.
Options data indicates bullish sentiment with a low put-call ratio. Revenue increased by 11.65% YoY in Q2 2026.
Analysts have reduced price targets due to heightened uncertainty and lowered guidance. Financial metrics such as net income, EPS, and gross margin have declined YoY. Technical indicators are bearish, and there is no recent news or significant insider/hedge fund activity to support a positive outlook.
In Q2 2026, revenue increased by 11.65% YoY to $537.1M. However, net income dropped by 3.88% YoY to $51.17M, EPS decreased by 10% YoY to $0.27, and gross margin fell by 8.39% YoY to 42.61%. The financial performance shows growth in revenue but declining profitability.
Analysts have lowered price targets recently. Noble Capital reduced the target from $7 to $5, maintaining an Outperform rating. Craig-Hallum reduced the target from $4 to $3, maintaining a Buy rating. Both firms cite heightened uncertainty and lowered guidance as reasons for the adjustments.
