Accolade (ACCD) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Accolade in the last twelve months. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ACCD shares.
View ACCD analyst ratings or view top-rated stocks.

16 brokerages have issued 12 month target prices for Accolade's shares. Their ACCD share price forecasts range from $11.00 to $18.00. On average, they predict the company's share price to reach $14.74 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for ACCD or view top-rated stocks among Wall Street analysts.

Accolade's stock was trading at $7.79 on January 1st, 2023. Since then, ACCD stock has increased by 67.8% and is now trading at $13.07.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our ACCD earnings forecast.

Accolade, Inc. (NASDAQ:ACCD) announced its earnings results on Thursday, April, 27th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.01. The company had revenue of $99.03 million for the quarter, compared to analyst estimates of $99.44 million. Accolade had a negative net margin of 126.58% and a negative trailing twelve-month return on equity of 31.98%. Accolade's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.59) earnings per share.

ETFs with the largest weight of Accolade (NASDAQ:ACCD) stock in their portfolio include ARK Genomic Revolution ETF (ARKG), SPDR S&P Health Care Services ETF (XHS), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), iShares Micro-Cap ETF (IWC).iShares U.S. Healthcare Providers ETF (IHF),

Accolade updated its first quarter 2024 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $89.00 million-$91.00 million, compared to the consensus revenue estimate of $94.51 million.

152 employees have rated Accolade Chief Executive Officer Rajeev Singh on Glassdoor.com. Rajeev Singh has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Accolade investors own include CVS Health (CVS), Johnson & Johnson (JNJ), Raytheon Technologies (RTX), Alibaba Group (BABA), Home Depot (HD), Procter & Gamble (PG), Thermo Fisher Scientific (TMO), Cisco Systems (CSCO) and Intel (INTC).

(ACCD) raised $176 million in an IPO on Thursday, July 2nd 2020. The company issued 8,800,000 shares at $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley and BofA Securities acted as the underwriters for the IPO and Piper Sandler, Credit Suisse, William Blair, Baird and SVB Leerink were co-managers.

Accolade trades on the NASDAQ under the ticker symbol "ACCD."

Accolade's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (8.00%), ARK Investment Management LLC (7.88%), Brown Advisory Inc. (6.98%), Sepio Capital LP (2.05%), State Street Corp (2.04%) and Geode Capital Management LLC (1.77%). Insiders that own company stock include Michael W Hilton, Rajeev Singh, Richard Eskew, Robert N Cavanaugh, Stephen H Barnes and Thomas J Neff.
View institutional ownership trends.

Shares of ACCD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ACCD stock can currently be purchased for approximately $13.07.

Accolade (NASDAQ:ACCD) has a market capitalization of $962.34 million and generates $363.14 million in revenue each year. The company earns $-459,650,000.00 in net income (profit) each year or ($6.56) on an earnings per share basis.

The company employs 2,370 workers across the globe.

Accolade's mailing address is 660 W. GERMANTOWN PIKE SUITE 500, PLYMOUTH MEETING PA, 19462. The official website for the company is accolade.com. The company can be reached via phone at 206-926-8100 or via email at ir@accolade.com.