BUZZ – Market Watch: Accenture’s AI performance shines, but future developments are more critical

October 2 - ** IT consulting firm Accenture ACN.N on Thursday forecast its annual revenue growth would exceed expectations, highlighting the resilience of its IT consulting business (link), despite market concerns over the disruptive impact of artificial intelligence.

** The median target price from 28 brokerages covering the stock is $220—data compiled by London Stock Exchange Group (LSEG).

Consulting business returns to center stage

** JPMorgan (“Overweight” rating, target price: $242) believes that as the scale of artificial intelligence applications expands, ACN is well positioned to benefit from it, with ecosystem partnerships and acquisition momentum set to support its growth prospects.

** Morgan Stanley (“Equal-weight”, target price: $195) points out that strong order volume and revenue reflect solid execution, and federal business along with acquisition deals are expected to continue supporting its growth after the fourth quarter.

** RBC Capital Markets (“Outperform”, target price: $240) states that despite some demand uncertainties, ACN is still gaining market share thanks to its robust ecosystem, proprietary platforms, emphasis on security, and extensive service capabilities.

** Jefferies (“Hold” rating, target price: $220) notes: “ACN ended its fiscal year 2026 with strong performance, and outperformance momentum spread across all business sectors, but this momentum is not expected to continue into fiscal year 2027.”

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