Accelerant Holdings Gains 1.8% as Analysts Show Broad Support with New Coverage Initiations

Accelerant Holdings, a data-driven risk exchange, saw a 1.8% gain in shares on Monday after several Wall Street analysts initiated coverage. Raymond James' Gregory Peters expects 20%+ annual growth, while BMO's David Foulkes predicts 25%+ growth. Jefferies' Alex Mandel forecasts 30%+ growth, and Piper Sandler's Martin Graham predicts 20%+ growth. Accelerant connects specialty insurance underwriters with risk capital partners.

Title: Accelerant Holdings Shares Gain After Analysts Initiate Coverage

Accelerant Holdings (NYSE: ARX), a data-driven risk exchange that connects specialty insurance underwriters with risk capital partners, saw its shares rise by 1.8% in Monday morning trading following the initiation of coverage by several Wall Street analysts. The positive sentiment comes after a period of quiet trading post-IPO, during which Accelerant's shares opened at $28.50 apiece on the NYSE, valuing the company at $6.4 billion [2].

Analysts from Raymond James, BMO Capital Markets, and Piper Sandler have expressed bullish views on Accelerant. Gregory Peters of Raymond James initiated coverage with an Outperform rating, highlighting the company's strong underwriting results, favorable positioning in the SME market, and robust data assets. Peters expects Accelerant to achieve 20%+ annual growth [1].

David Foulkes of BMO Capital Markets also initiated coverage with an Outperform rating, predicting 25%+ growth. He noted that Accelerant is poised to onboard third-party insurance carriers, which could be critical for achieving its growth and margin expansion plans [1].

Piper Sandler's Paul Newsome launched an Overweight rating on ARX, praising the company's top-line growth. Newsome pointed out that exchange written premium has grown at a 217% compound annualized growth rate since 2018 [1].

Other analysts, such as Morgan Stanley and Citizens, have initiated coverage but with more cautious ratings. Morgan Stanley gave ARX a Market Perform rating, while Citizens assigned an Equal-Weight rating. These analysts believe that the current market valuation already reflects most growth tailwinds, offering limited upside potential [1].

Accelerant's risk exchange digital platform is expected to see independent activity grow meaningfully, according to RBS Capital Markets. However, the brokerage expects a softening market to limit growth but sees the MGA (managing general agent) market as a growing opportunity [2].

Private equity firm Altamont Capital retains majority voting control of Accelerant after the offering, with Morgan Stanley and Goldman Sachs acting as lead active bookrunners [2].

The ratings and price targets from various brokerages include:
- Piper Sandler: Overweight at $35
- RBC Capital Markets: Outperform at $33
- Wells Fargo: Equal weight at $28
- BMO: Outperform at $34
- TD Cowen: Buy at $36
- Raymond James: Outperform at $33 [2]

References:
1. [1] https://seekingalpha.com/news/4486582-accelerant-gets-broad-bullish-analyst-support-in-wave-of-initiations
2. [2] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UA0MR:0-wall-street-bullish-on-accelerant-as-ipo-quiet-period-ends/