Canaccord Genuity Maintains Buy on Accolade, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close maintains a Buy rating on Accolade (NASDAQ:ACCD) but lowers the price target from $13 to $7.
October 09, 2024 | 3:44 pm
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Canaccord Genuity's analyst Richard Close maintains a Buy rating on Accolade but reduces the price target from $13 to $7, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Accolade's potential, but the significant reduction in the price target reflects a more cautious outlook on its short-term performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100