Baird analyst David Koning raised the firm’s price target on Accenture to $364 from $344 and keeps a Neutral rating on the shares. The firm noted they announced an agreement to acquire Insight Sourcing, a sourcing and procurement services provider with a focus on private equity clients. Baird views the valuation as balanced although acknowledge its solid growth, GenAI theme, high-quality earnings, and clean balance sheet.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ACN:
- Accenture Shareholders Approve Key Proposals at Annual Meeting
- Accenture Shareholders Approve Incentive Plan Amendments
- Accenture initiated with a Buy at Mizuho
- Accenture and Mujin announce joint venture around AI and robotics
- Accenture acquires Impendi, terms undisclosed
Questions or Comments about the article? Write to editor@tipranks.com