Analyst Bryan Bergin from TD Cowen maintained a Buy rating on Accenture and keeping the price target at $295.00.
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Bryan Bergin has given his Buy rating due to a combination of factors that highlight Accenture’s strategic positioning and potential for recovery. The company’s leadership, including its CEO and CFO, has communicated a consistent demand for services and detailed plans for adopting generative AI technologies. This strategic focus is expected to broaden Accenture’s market opportunities and optimize its talent strategy.
Furthermore, the recent consensus reset for fiscal year 2026 estimates provides a clean slate, reducing the risk of cuts and supporting a potential recovery in the stock. Accenture’s proactive approach to refreshing its talent and streamlining operations is aimed at reducing costs and expanding its market reach. Despite the slow pace of generative AI adoption, Accenture’s diverse offerings and vertical exposures position it well to mitigate negative impacts and benefit from enterprise AI deployment over time.
In another report released on September 26, Goldman Sachs also maintained a Buy rating on the stock with a $330.00 price target.