Wolfe Research analyst Darrin Peller upgraded Accenture (ACN) to Outperform from Peer Perform with a $425 price target The firm sees “notable upside” to estimates given Accenture’ “proven differentiation and potential to gain share in a discretionary rebound.” Wolfe believes the company’s fiscal 2025 guide remains conservative. Downside risk “remains relatively limited” given the top end of guidance assumes stable discretionary conditions while the low end embeds a deterioration, and Wolfe sees an improvement in discretionary demand as more likely at this time, the analyst tells investors in a research note.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
