Raymond James Maintains Outperform Rating for Accolade: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Accolade ACCD and lower its price target from $15.00 to $12.00.

Shares of Accolade are trading down 7.9% over the last 24 hours, at $8.98 per share.

A move to $12.00 would account for a 33.63% increase from the current share price.

About Accolade

Accolade Inc offers technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits. It generates revenue by providing personalized health guidance solutions to members.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.