Stifel raised the firm’s price target on Accenture (ACN) to $390 from $375 and keeps a Buy rating on the shares. The company’s Q1 revenue growth and earnings per share exceeded its own guidance as well as Wall Street estimates, with outperformance driven by large enterprise deals signed last year ramping faster than anticipated, the analyst tells investors in a research note. The firm added that the results plus guidance mark a “fundamentally strong” start to 2025, and that it recommends focusing on higher-end players when considering read-throughs.
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