On Oct 09, major Wall Street analysts update their ratings for $Accolade (ACCD.US)$, with price targets ranging from $5 to $9.
Morgan Stanley analyst Craig Hettenbach maintains with a hold rating, and maintains the target price at $6.
BofA Securities analyst Allen Lutz maintains with a buy rating, and adjusts the target price from $7 to $5.75.
Barclays analyst Stephanie Davis maintains with a hold rating, and maintains the target price at $5.
Needham analyst Ryan MacDonald maintains with a buy rating, and maintains the target price at $8.
BTIG analyst David Larsen maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Accolade (ACCD.US)$'s main analysts recently are as follows:
The second quarter results for Accolade reiterated existing themes within the company, such as enhanced profitability in conjunction with moderated revenue growth. Revised forecasts for FY25 revenue and adjusted EBITDA have been issued post-report, with reductions reflecting diminished growth in PlushCare and across the broader business model, subsequently influencing EBITDA projections.
Post the fiscal Q2 report, there has been a rally in shares due to a 'solid print,' with the company maintaining its fiscal 2025 guidance, optimistic commentary about the selling season, and significant visibility into a 'steeper-than-usual' Q4 ramp. There appears to be a challenging near-term environment for securing new employer wins; however, the shift towards a 'honed focus on profitable growth' is seen in a positive light.
Here are the latest investment ratings and price targets for $Accolade (ACCD.US)$ from 8 analysts:
Note:
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