Accenture price target raised to $300 from $280 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the firm’s price target on Accenture (ACN) to $300 from $280 and keeps an Outperform rating on the shares. The company reported a “solid” Q1 beat, with total bookings accelerating 10% year-over-year in constant currency, the analyst tells investors in a research note. The firm added that despite the Q1 upside/strong bookings and moderately lower-than-expected U.S. federal government headwinds, the company maintained its FY26 revenue growth outlook, which seems prudent as the discretionary spending backdrop remains mostly unchanged.