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Accenture price target raised to $422 from $395 at Piper Sandler

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.

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