Accolade (ACCD) Stock: $10.75 Target From BofA

By Amit Chowdhry ● Jul 14, 2022
  • The shares of Accolade Inc. (NASDAQ: ACCD) have received a $10.75 price target from BofA Securities. These are the details.

The shares of Accolade Inc. (NASDAQ: ACCD) have received a $10.75 price target from BofA Securities. And BofA Securities analyst Michael Cherny increased the price target on Accolade from $9 while maintaining a “Neutral” rating on the shares.

Cherny adjusted the rating following the company’s first-quarter results late last month. In late June, Accolade reported a Q1 EPS of ($4.92). And the revenue for the quarter was $85.5 million compared to the consensus estimate of $81.97 million. In terms of guidance, Accolade expects FY2023 revenue of between $355 and $365 million.

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