Accenture price target raised to $425 from $390 at BMO Capital

BMO Capital raised the firm’s price target on Accenture (ACN) to $425 from $390 but keeps a Market Perform rating on the shares after its Q1 results. The company delivered its largest quarterly revenue beat in several quarters and raised its organic revenue growth guidance for the year, though the top end of its guidance range also does not include an improved IT services demand environment, the analyst tells investors in a research note. BMO is also raising its FY25 EPS view on Accenture by 6c to $14.98 and its FY26 view by 43c to $16.39.