Canaccord Genuity Maintains Buy on Accolade, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close maintains a Buy rating on Accolade (NASDAQ:ACCD) but lowers the price target from $18 to $16.
April 26, 2024 | 12:46 pm
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Canaccord Genuity maintains a Buy rating on Accolade but lowers the price target from $18 to $16.
While the maintenance of a Buy rating by Canaccord Genuity indicates continued confidence in Accolade's fundamentals and growth potential, the reduction in the price target from $18 to $16 could reflect adjustments in valuation metrics or market conditions that might temper short-term price expectations. However, the overall positive stance suggests that any negative impact on the stock price might be limited, balancing out to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100