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Investing.com - TD Cowen initiated coverage on Accelerant Holdings (NYSE:ARX) Monday with a Buy rating and a $36.00 price target, implying 27% potential upside. The company, currently valued at $6.2 billion, trades at a P/E ratio of 2.5x, though InvestingPro analysis indicates the stock is trading above its Fair Value.
The firm cited Accelerant’s "highly attractive model" with a Risk Exchange that generates volume-based fees at its core.
TD Cowen noted that the company is leveraged to some of the most attractive areas of property and casualty insurance.
The research firm highlighted Accelerant’s robust top-line growth track record and outlook, mentioning the company has many levers and drivers for continued growth.
TD Cowen expects Accelerant to generate strong operating leverage going forward, contributing to the positive outlook for the insurance technology company.
In other recent news, Accelerant Holdings has been the focus of multiple analyst ratings. Raymond (NSE:RYMD) James initiated coverage of Accelerant with an Outperform rating, setting a price target of $33.00, and emphasized the company’s potential for double-digit annual revenue and free cash flow growth through 2027. William Blair also rated Accelerant as Outperform, noting the company’s strong position in the Managing General Agent (MGA) market. Piper Sandler gave an Overweight rating with a $35.00 price target, highlighting Accelerant’s data-driven risk exchange model. Meanwhile, Wells Fargo (NYSE:WFC) and Morgan Stanley (NYSE:MS) both initiated coverage with an Equal Weight rating, each setting a price target of $28.00. Wells Fargo commented on the stock’s valuation, while Morgan Stanley focused on Accelerant’s disruptive Risk Exchange platform. These developments reflect a diverse range of perspectives on Accelerant’s growth potential and market positioning.
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