Accolade price target lowered to $5 from $5.50 at Barclays

Barclays lowered the firm’s price target on Accolade to $5 from $5.50 and keeps an Equal Weight rating on the shares post the fiscal Q2 report. The firm says the shares are rallying on the “solid print,” with intact fiscal 2025 guidance, upbeat selling season commentary, and strong visibility into the “steeper-than-usual” Q4 ramp. The analyst sees a tougher near-term backdrop for new employer wins, but views :honed focus on profitable growth” positively.