Baird Starts Accolade Inc. (ACCD) at Outperform

July 28, 2020 7:50 AM EDT
Get Alerts ACCD Hot Sheet
Price: $52.76 -0.81%

Rating Summary:
    12 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 61
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Baird analyst Matthew Gillmor initiates coverage on Accolade Inc. (NASDAQ: ACCD) with a Outperform rating and a price target of $40.00.

The analyst commented, "In our view, ACCD is in the early stages of redefining the member navigation experience. Traditional member engagement approaches (led by heath plans and employer HR depts) do little to reduce the obvious areas of friction within healthcare, especially poor engagement and rising costs. ACCD's tech-enabled platform integrates health/benefit offerings and drives differentiated results for employer clients (50% engagement, >4% cost savings). Our $40 price target is based on an 10x forward revenue multiple and is supported by the company's highly visible >20% growth profile."

For an analyst ratings summary and ratings history on Accolade Inc. click here. For more ratings news on Accolade Inc. click here.

Shares of Accolade Inc. closed at $35.25 yesterday.

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