Accolade's Financial Forecast: Anticipating Raised Guidance and Robust Revenue Growth
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Ryan MacDonald reiterated a Buy rating on Accolade, Inc. (NASDAQ:ACCD) with a price target of $15. The analyst expects robust revenue growth and raised guidance for the company, with Q1 2024 revenues predicted at $99 million, beating the consensus of $90.3 million. Accolade is well-positioned to take a share in the navigation market and achieve its long-term revenue targets.
June 26, 2023 | 7:56 pm
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Needham analyst Ryan MacDonald reiterated a Buy rating on Accolade, Inc. (NASDAQ:ACCD) with a price target of $15. The analyst expects robust revenue growth and raised guidance for the company, with Q1 2024 revenues predicted at $99 million, beating the consensus of $90.3 million.
The analyst's Buy rating and raised guidance for Accolade indicate a positive outlook for the company's stock price. The expected robust revenue growth and the company's positioning in the navigation market contribute to this positive sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100