Accolade: Remain Confident That FY25 Guided Growth Is Achievable

Jan. 17, 2024 3:23 AM ETAccolade, Inc. (ACCD) StockACCD1 Comment

Summary

  • I continue to recommend a buy rating with a projected 20% growth in FY25.
  • Recent results show that Accolade beat consensus estimates for revenue and EBITDA, and management expects 20% revenue growth and 2-4% EBITDA margins in FY25.
  • Tailwinds for growth include strong demand for navigation solutions, the health plan channel strategy, GLP-1 growth catalyst, and the recovery in demand for expert medical opinion.

Home care healthcare professional hugging senior patient

andreswd

Overview

My recommendation for Accolade (ACCD) is a buy rating, as I remain convicted that ACCD can grow 20% in FY25, driven by a strong core demand, health care plan strategy, GLP-1, and elevated demand for expert medical opinion. Note that I previously rated

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Data scientist turned investment analyst focusing on high tech, high growth companies

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