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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Read More on ACN:
- Accenture upgraded to Buy from Neutral at Goldman Sachs
- 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
