Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Accenture (ACN) to $422 from $395 and keeps an Overweight rating on the shares. The firm expects Accenture to post Q1 results above consensus estimates and become more constructive on the macro, relative to 3 months ago. Piper is comfortable with its above consensus estimates for Q1/FY25, given its recent India IT Services field work, and its biannual CIO survey.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACN:
- Accenture upgraded to Buy from Neutral at Goldman Sachs
- Accenture to acquire German software maker AOX, terms undisclosed
- Accenture designated as a bearish Fesh Pick at Baird
- AWS plans to work more with Accenture, other consulting firms, BI reports
- Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors