SLQT Should I Buy
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SelectQuote Inc (SLQT) is not a strong buy for a beginner, long-term investor at this time. The stock lacks significant positive catalysts, has bearish technical indicators, and recent financial performance shows declining profitability metrics. While options data shows a strong call interest, this does not align with the long-term investment strategy. Analysts have also lowered price targets, reflecting near-term uncertainty.
The stock's MACD is positive and expanding, indicating mild bullish momentum. However, the RSI is neutral at 48.964, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5), suggesting a downtrend. Key resistance levels are at 0.921 and 0.951, while support levels are at 0.825 and 0.795.
Revenue increased by 11.65% YoY in Q2 2026, indicating some top-line growth.
Net income dropped by -3.88% YoY, EPS declined by -10.00% YoY, and gross margin fell by -8.39% YoY. Analysts have lowered price targets and expressed heightened near-term uncertainty. No significant insider or hedge fund activity, and no recent news or congress trading data.
In Q2 2026, revenue increased to $537.1M (up 11.65% YoY). However, net income dropped to $51.17M (-3.88% YoY), EPS declined to $0.27 (-10.00% YoY), and gross margin fell to 42.61% (-8.39% YoY).
Noble Capital lowered the price target to $5 from $7, maintaining an Outperform rating. Craig-Hallum reduced the price target to $3 from $4, maintaining a Buy rating. Analysts cite near-term uncertainty despite modestly ahead Q2 results.
