BUZZ-Accelerant jumps after Citizens upgrades to 'market outperform'

Reuters
Dec 05, 2025
BUZZ-Accelerant jumps after Citizens upgrades to 'market outperform'

** Specialty insurance marketplace Accelerant's ARX.N shares jump ~6% to $14.99

** Citizens upgrades ARX to "market outperform" from "market perform"; establishes a $20 PT, which is 41% upside to stock's last close

** Brokerage believes the weakness since ARX's July IPO is overdone, which it believes has been driven by fears relating to business with a related party

** Citizens sees substantial runway for growth over the long term given the sizable addressable market of the property and casualty industry

** Combination of solid revenue growth, strong and improving margins as the business scales, and a clean balance sheet warrant a valuation more in line with peers — brokerage

** 8 of 10 brokerages rate the stock "buy" or higher and two "hold"; median PT $19.50 — data compiled by LSEG

** As of last close, ARX stock down 32.7% from IPO price since debut in July

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10