The analysis evaluates Hims & Hers (HIMS) stock, noting its current volatility and a year-to-date appreciation exceeding 62%. The projection for HIMS by the end of 2026 is based on a fundamental approach, utilizing a 2027 Earnings Per Share (EPS) estimate of $0.83. Applying a range of forward Price-to-Earnings (P/E) multiples—specifically 66, 60, 55, and 50—yields potential stock prices of $54.78, $49.80, $45.65, and $41.50, respectively. Given a current stock price of $39.20, the analysis establishes a 2026 price target range between $45 and $55 per share, inferring a target of $45.00. This indicates a bullish outlook and considerable upside potential. However, the analysis underscores the stock's significant volatility, characterized by both substantial increases and declines. This volatility necessitates a high-risk tolerance for potential investors, advising caution for risk-averse individuals. The predicted market trend for HIMS leading to the target by the end of 2026 is bullish, with an inferred fail bound of $35.28 to invalidate this thesis.