On Oct 10, major Wall Street analysts update their ratings for $Accolade (ACCD.US)$, with price targets ranging from $5 to $8.
Morgan Stanley analyst Craig Hettenbach maintains with a hold rating, and maintains the target price at $6.
Barclays analyst Stephanie Davis maintains with a hold rating, and maintains the target price at $5.
Truist Financial analyst Jailendra Singh maintains with a buy rating, and sets the target price at $7.5.
Stephens analyst Jeffrey Garro maintains with a buy rating, and adjusts the target price from $11 to $8.
Furthermore, according to the comprehensive report, the opinions of $Accolade (ACCD.US)$'s main analysts recently are as follows:
The second quarter results echo persistent themes within the business, such as enhancing profitability alongside a moderation in revenue expansion. The projections for fiscal year 2025 have been revised, with a decrease in revenue and adjusted EBITDA estimates post-report. This adjustment is due to anticipated lower growth in PlushCare and throughout the broader business model, which consequently impacts EBITDA expectations.
The shares of Accolade are experiencing an uptick following the fiscal Q2 report, backed by sustained fiscal 2025 guidance, encouraging comments about the selling season, and clear insights into a significant Q4 increase. Although the near-term environment may present challenges for securing new employer agreements, the company's sharpened emphasis on profitable expansion is seen in a favorable light.
Here are the latest investment ratings and price targets for $Accolade (ACCD.US)$ from 4 analysts:
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