Piper Sandler downgrades Accolade ahead of shareholder vote By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2025
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Should l Buy ?
Source: Investing.com
Downgrade and Acquisition Details: Piper Sandler downgraded Accolade Inc to Neutral and set a price target of $7.03 per share, which matches the acquisition price offered by Transcarent for the company.
Financial Performance and Risks: Accolade's recent fiscal results showed slightly missed revenue expectations but better-than-expected adjusted EBITDA; however, there are concerns about potential downside risks to future earnings estimates.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
