Stifel Maintains Buy on Accolade, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman has maintained a Buy rating on Accolade (NASDAQ:ACCD) but has reduced the price target from $17 to $15.

January 04, 2024 | 4:24 pm
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Stifel analyst David Grossman maintains a Buy rating on Accolade but lowers the price target from $17 to $15.
While the maintenance of a Buy rating is positive, the reduction in price target could signal a tempered expectation for Accolade's stock performance. Investors may view the price target cut as a negative signal, potentially leading to short-term price pressure. However, the continued Buy rating suggests underlying confidence in the company's fundamentals, which may mitigate any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100