In a report released today, Paul Newsome from Piper Sandler maintained a Buy rating on Accelerant Holdings Class A, with a price target of $18.00. The company’s shares closed last Friday at $14.90.
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Newsome covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Hartford Financial, and Old Republic International. According to TipRanks, Newsome has an average return of 12.8% and a 71.46% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Accelerant Holdings Class A with a $25.19 average price target, implying a 69.06% upside from current levels. In a report released on September 19, Raymond James also reiterated a Buy rating on the stock with a $21.00 price target.
The company has a one-year high of $31.18 and a one-year low of $12.88. Currently, Accelerant Holdings Class A has an average volume of 1.85M.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARX in relation to earlier this year.
Read More on ARX:
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- Accelerant upgraded to Buy from Neutral at Goldman Sachs
- Mixed Sentiment on Accelerant Holdings: Hold Rating Amid Growth and Structural Challenges
- Accelerant price target lowered to $21 from $33 at Raymond James
- Accelerant partners with AF Specialty to boost risk exchange capacity
- Accelerant price target lowered to $22.50 from $34 at BMO Capital
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