William Blair analyst Maggie Nolan has maintained their bullish stance on ACN stock, giving a Buy rating yesterday.
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Maggie Nolan has given his Buy rating due to a combination of factors that underscore Accenture’s solid execution and attractive positioning within IT services and digital transformation. He highlights that the company not only surpassed expectations on revenue, profitability, and earnings, but also did so in a still-muted discretionary spending environment, indicating resilience and operational discipline. The sustained double-digit growth in large deals and robust bookings signal healthy underlying demand and support future revenue visibility, even as near-term guidance is slightly conservative. Furthermore, management’s confidence in reaffirming full-year targets suggests that the strong start to the year is not viewed as a one-off, but rather as consistent with longer-term plans.
Nolan also points to several structural positives that support margin durability and earnings quality. Accenture is increasingly shifting toward fixed-price engagements enabled by proprietary platforms and longstanding client relationships, which can enhance pricing power and contract profitability over time. The rapid expansion of AI-related revenue, with clients moving from experimentation to real deployments across financial services and other sectors, positions the firm as a key beneficiary of enterprise AI adoption. Combined, these factors lead Nolan to view recent share weakness as disconnected from the company’s fundamental performance and long-term growth drivers, justifying a Buy rating on the stock.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $300.00 price target.