Goldman Sachs analyst James Schneider upgraded Accenture (ACN) to Buy from Neutral with a price target of $420, up from $370. Accenture is the world’s largest provider of IT services and cyclical headwinds are “starting to abate” across the sector, particularly in financial services and healthcare, the analyst tells investors in a research note. The firm believes Accenture is among the best positioned to capture a recovery in discretionary spending as it occurs. It believes Accenture’s fiscal 2025 guidance already incorporates a further macro slowdown and sees upside to Street numbers as the macro outlook improves.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACN:
- Accenture to acquire German software maker AOX, terms undisclosed
- Accenture designated as a bearish Fesh Pick at Baird
- AWS plans to work more with Accenture, other consulting firms, BI reports
- Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors
- M&A News: Accenture (ACN) Announces the Acquisition of Award Solutions