Accenture price target raised to $364 from $344 at Baird

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.