RBC Capital raised the firm’s price target on Accenture to $389 from $377 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company delivered solid results and guidance thanks to larger projects from earlier periods now being recognized as revenue, which is driving meaningful sequential improvement, particularly in Strategy & Consulting, the analyst tells investors in a research note. Accenture’s FY24 gen-AI bookings also topped $3B and revenue at $900M vs. $300M and $100M respectively in FY23, the firm added.
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