William Blair analyst Maggie Nolan has maintained their bullish stance on ACN stock, giving a Buy rating on August 2.
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Maggie Nolan’s rating is based on Accenture’s strategic acquisition of CyberCX, which significantly enhances its cybersecurity services in the APAC region. This acquisition brings over 1,400 skilled security professionals to Accenture, specializing in a wide range of services such as security consulting, managed security services, and advanced threat intelligence.
The move not only strengthens Accenture’s position in the security services market, which is a growing segment of their revenue, but also aligns with their consistent growth strategy in the high-demand cybersecurity sector. The acquisition is expected to further accelerate the growth of Accenture’s security segment, supported by robust partnerships with industry leaders and a strong presence in critical infrastructure and public sector clients in the APAC region.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $281.00 price target.