HIMS – Technically and Fundamentally Strong for Mid-to-Long Term

Technical Analysis

HIMS is trading in a clear ascending channel since 2023.

On the daily chart, a “cup and handle” formation has completed, with a confirmed breakout above the neckline ($55–$57 area).

The price is consolidating near the breakout point – classic behavior before a continuation move.

Target projection from the cup pattern is $170+, implying a 200%+ upside potential.

The stock also respects the upper trendline of the long-term channel, reinforcing bullish structure.

Fundamental Strength:

Telemedicine megatrend: Digital health is booming. HIMS is one of the few well-established D2C players in the U.S. market.

Revenue growth: Annual revenue growth exceeds 40% YoY, a sign of operational efficiency and demand.

Sticky subscription model: Over 1.5 million active subscribers — solid base for recurring revenue and LTV.

Valuation upside: Still undervalued relative to sector peers despite recent rally.

Scalable tech stack: Strong backend, customer acquisition systems, and vertically integrated infrastructure support further expansion.

Conclusion: HIMS offers an attractive risk–reward setup for swing traders and long-term investors alike