Accelerant Holdings (ARX) PT Lowered to $16.50 at BMO Capital

BMO Capital analyst Michael Zaremski lowered the price target on Accelerant Holdings (NYSE: ARX) to $16.50 (from $22.50) while maintaining a Outperform rating.

The analyst commented, "ARX's 1Q and FY26 guides will drive consensus higher, and we view the bar for 2026 EBITDA remains low (see Exhibits 1-3), which contributes to our 2026 EBITDA forecast being 2% above the guide and consensus, w/third party + Hadron progress continuing. Further, we view MGA growth trends as remaining supportive for ARX (see our note). That being said, we reduce our PT to $16.50 (from $22.50) owing to lower benchmark valuations as peers have de-rated."

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