Accenture

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our price target by $40 to $414, 30x our FY 25 (Aug.) EPS view, a premium to IT consulting peers and ACN’s three-year average (~26.5x) given its consistent track record, large net cash position ($7.0B exiting Nov-Q), and industry tailwinds associated with AI. We maintain our FY 24 EPS view at $12.34, raise our FY 25 view by $0.20 to $13.81, and initiate our FY 26 estimate at $15.20. Industry commentary has been mixed regarding the current environment, but we think ACN is well positioned for either 1) a continued customer focus on cost-reduction initiatives, benefiting Managed Services, or 2) a resumption of large-scale transformation projects given its strong reputation and leadership position in generative AI (GenAI). We see ACN as a clear frontrunner in […]

B of A Securities analyst Jason Kupferberg maintains Accenture with a Buy and raises the price target from $379 to $419.

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 2.32% RBC Capital → $374 Reiterates Outperform → Outperform 02/14/2024 -0.42% Baird $344 → $364 Maintains Neutral 01/30/2024 16.54% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 9.43% UBS $365 → $400 Maintains Neutral 01/24/2024 9.43% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 5.33% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -0.14% UBS $333 → $365 Maintains Neutral 12/14/2023 -1.51% Wedbush $330 → $360 Maintains Outperform 11/16/2023 12.17% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -8.9% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -6.98% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -4.25% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -17.93% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -11.91% Baird $332 → $322 Maintains Neutral 09/29/2023 -17.93%

RBC Capital analyst Daniel Perlin reiterates Accenture (NYSE:ACN) with a Outperform and maintains $374 price target.

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 -1.16% Baird $344 → $364 Maintains Neutral 01/30/2024 15.67% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 8.61% UBS $365 → $400 Maintains Neutral 01/24/2024 8.61% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 4.54% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -0.89% UBS $333 → $365 Maintains Neutral 12/14/2023 -2.25% Wedbush $330 → $360 Maintains Outperform 11/16/2023 11.33% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -9.58% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -7.68% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -4.96% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -18.54% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -12.57% Baird $332 → $322 Maintains Neutral 09/29/2023 -18.54% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -2.25% BMO

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 14.03% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 7.07% UBS $365 → $400 Maintains Neutral 01/24/2024 7.07% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 3.05% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -2.3% UBS $333 → $365 Maintains Neutral 12/14/2023 -3.64% Wedbush $330 → $360 Maintains Outperform 11/16/2023 9.74% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -10.87% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -8.99% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -6.32% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -19.7% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -13.81% Baird $332 → $322 Maintains Neutral 09/29/2023 -19.7% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -3.64% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 7.67% UBS $365 → $400 Maintains Neutral 01/24/2024 7.67% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 3.63% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -1.75% UBS $333 → $365 Maintains Neutral 12/14/2023 -3.1% Wedbush $330 → $360 Maintains Outperform 11/16/2023 10.36% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -10.37% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -8.48% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -5.79% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -19.25% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -13.33% Baird $332 → $322 Maintains Neutral 09/29/2023 -19.25% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -3.1% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023 -11.18% Wedbush → $330 Reiterates Outperform → Outperform 09/22/2023 -16.02%

UBS analyst Kevin Mcveigh maintains Accenture (NYSE:ACN) with a Neutral and raises the price target from $365 to $400.

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 8.43% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 4.36% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -1.06% UBS $333 → $365 Maintains Neutral 12/14/2023 -2.41% Wedbush $330 → $360 Maintains Outperform 11/16/2023 11.14% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -9.73% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -7.83% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -5.12% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -18.68% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -12.71% Baird $332 → $322 Maintains Neutral 09/29/2023 -18.68% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -2.41% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023 -10.54% Wedbush → $330 Reiterates Outperform → Outperform 09/22/2023 -15.42% Piper Sandler $314 → $312 Maintains Neutral 09/18/2023

Morgan Stanley Lifts Price Target on Accenture to $400 From $369, Cites Confidence in ‘Ability to Acquire Quality Assets at Attractive Valuations,’ Keeps Overweight Rating.

Accenture Expands Digital Transformation Capabilities for Italy’s Public Sector with Acquisition of Customer Management IT and SirfinPA MILAN & NEW YORK–(BUSINESS WIRE)–December 22, 2023– Accenture (NYSE: ACN) has signed an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. The acquisition aligns with Accenture’s focus on helping Italian public service organizations build their digital core and deliver enhanced services to the citizens they serve. Founded in 2010, with offices in Rome, Naples and Cosenza, Customer Management IT and SirfinPA are leading players within the Italian IT sector. Recognized for their work across the country’s national justice ecosystem, Customer Management IT and SirfinPA have supported the Italian Ministry of Justice by building and supporting technology applications in the central criminal justice department and have provided digital infrastructure for trials. With a multidisciplinary staff of

Accenture (NYSE:ACN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 7.07% UBS $333 → $365 Maintains Neutral 12/14/2023 5.6% Wedbush $330 → $360 Maintains Outperform 11/16/2023 20.27% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -2.32% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -0.26% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 2.67% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -12% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -5.54% Baird $332 → $322 Maintains Neutral 09/29/2023 -12% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 5.6% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023 -3.2% Wedbush → $330 Reiterates Outperform → Outperform 09/22/2023 -8.48% Piper Sandler $314 → $312 Maintains Neutral 09/18/2023 5.02% Citigroup $358 → $358 Maintains Buy 09/12/2023 -8.48% TD Cowen $300 → $312 Maintains Market Perform 09/12/2023 4.14%