Stifel Maintains Buy on Accolade, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman maintains a Buy rating on Accolade (NASDAQ:ACCD) but lowers the price target from $15 to $13.

April 22, 2024 | 11:32 am
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Accolade but lowers the price target from $15 to $13.
While the reduction in price target could suggest a tempered outlook on Accolade's short-term price performance, the maintenance of a Buy rating indicates a positive view on the company's fundamentals and long-term growth potential. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the continued endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100