Accolade Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Accolade, Inc. (NASDAQ:ACCD) is expected to release financial results for its fiscal second quarter 2024 after the closing bell on Oct. 4, 2023.

Analysts expect the company to post a quarterly loss at 54 cents per share, versus a year-ago loss of 66 cents per share. The company’s revenue might come in at $94.09 million, compared to $82.86 million in the year-ago period.

Accolade shares fell 3.4% to close at $10.11 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Needham analyst Ryan MacDonald reiterated a Buy rating with a price target of $17 on Oct. 2, 2023. This analyst has an accuracy rate of 64%.
Morgan Stanley analyst Ricky Goldwasser reiterated an Equal-Weight rating with a price target of $14 on July 3, 2023. This analyst has an accuracy rate of 76%.
Stifel analyst David Grossman maintained a Buy rating and raised the price target from $15 to $17 on June 30, 2023. This analyst has an accuracy rate of 69%.
B of A Securities analyst Michael Cherny upgraded the stock from Neutral to Buy with a price target of $16.5 on May 24, 2023. This analyst has an accuracy rate of 60%.
Guggenheim analyst Sandy Draper maintained a Buy and increased the price target from $16 to $18 on April 28, 2023. This analyst has an accuracy rate of 72%.

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