Accolade pullback an overreaction to GLP-1 commentary, says Canaccord

Canaccord said the recent pullback in Accolade shares is an overreaction to recent GLP-1 commentary. After meeting with management who is confident in a strong close to the year and is comfortable with its bookings, they believe the shares reacted to when Accolade stated there was a slight decline sequentially following a surge of demand in 1Q. Canccord reiterated its Buy rating and $17 price target on Accolade shares.