Street View: Accenture’s AI act impresses, but the encore matters
BUZZ-Street View: Accenture’s AI act impresses, but the encore matters ** IT consulting firm Accenture ACN.N forecast stronger-than-expected annual revenue growth on Thursday, underscoring the resilience of its IT consulting business despite concerns over AI-led disruption
** Median PT of 28 brokerages covering the stock is $220 - data compiled by LSEG
CONSULTING BACK ON STAGE
** J.P. Morgan ("overweight," PT: $242) says ACN is well positioned to benefit as AI adoption scales, with momentum in ecosystem partnerships and acquired businesses supporting its growth outlook
** Morgan Stanley ("equal weight," PT: $195) says strong bookings and revenue show solid execution, with federal business and acquisitions expected to support growth beyond Q4
** RBC Capital Markets ("outperform," PT: $240) says ACN is gaining market share despite uncertain demand, supported by its strong ecosystem, proprietary platforms, security focus and broad service capabilities
** Jefferies ("hold," PT: $220) says "ACN ended its F2026 really strong, and the outperformance was broad-based, this momentum is not expected to continue into F2027"
(Reporting by Kanishka Ajmera in Bengaluru)
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