Accenture price target raised to $405 from $350 at Citi

Citi raised the firm’s price target on Accenture to $405 from $350 and keeps a Buy rating on the shares. The stock has re-rated higher on the potential for accelerated fiscal 2025 growth and slowly improving IT services sentiment, the analyst tells investors in a research note. The firm says its recent IT services checks point to relative demand stability and cautious optimism toward 2025 budgets.