FMP
DA Davidson Slashes Accolade Price Target to $5 on Disappointing Outlook
Jun 28, 2024 11:56 AM - Davit Kirakosyan
Image credit: FMP
DA Davidson analysts lowered the price target for Accolade (NASDAQ:ACCD) to $5 from $10 while maintaining a Neutral rating following the company’s reported Q1, which resulted in a nearly 30% stock price drop pre-market today.
The downgrade decision comes in response to Accolade's guidance cut, which has raised concerns about the company's growth visibility and predictability. The 5% reduction in the full-year 2025 guidance reflects management's increased scrutiny of marketing investments. Despite this, the company reiterated its EBITDA outlook for the fiscal year.
The analysts noted that the increased risk premium is justified given the diminished visibility of growth and confidence in scaling. Consequently, the price target has been adjusted to $5, valuing the company at 1x next twelve months (NTM) sales.
Other Blogs
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental Analysis: Principles, Types, and How to Use It
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
Two great Software Platform Stocks Similar to Palantir (PLTR)
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...
