Accenture rises after setting long-term revenue targets
BUZZ-Accenture rises after setting long-term revenue targets ** Global IT consulting and technology services company Accenture ACN.N up 1.1% to $216.2 in early trading
** Co sees mid-single digit growth in FY28 and mid- to high-single-digit growth in FY29 - filing
** Co's FY29’s growth target exceeds analysts' estimates, TD Cowen says citing Visible Alpha data
** Co reported 5% revenue growth for FY26 and 7% growth for FY25 in local currency terms
** Co sees 10-30 bps expansion in operation margin for FY28 and FY29
** Co hosts Investor Day on October 14
** 15 of 28 brokerages rate the stock "buy" or higher and 13 "hold"; median PT $230.52 — data compiled by LSEG
** Including session's move, ACN down around 20% YTD
(Reporting by Jayasree Prabhu)
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