BMO Capital analyst Keith Bachman lowered the firm’s price target on Accenture to $355 from $365 and keeps a Market Perform rating on the shares. Accenture’s slowing bookings and revenue growth is a material incremental long-term concern, even though the larger question regarding the impact of Gen AI on supply and billable hours remains unanswered, the analyst tells investors in a research note. Digital will continue to help drive strong revenue growth with slow and steady margin expansion over time, but the stock’s valuation looks full, the firm added.
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Read More on ACN:
- Accenture price target lowered to $340 from $350 at Morgan Stanley
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