Accenture's Revenue Targets Ease AI Fears, Support Growth Outlook, UBS Says

02:44 PM EDT, 10/15/2026 (MT Newswires) -- Accenture's (ACN) new 2027-2029 targets should ease fears that AI will disintermediate the company, as UBS Securities sees parallels with past technology shifts such as offshoring and cloud that ultimately accelerated revenue growth. The brokerage said in a Wednesday note the company's outlook for at least mid-single-digit constant-currency revenue growth in fiscal 2027-28, followed by mid-to-high single-digit growth in fiscal 2029, was well above Street expectations of continued mid-single-digit growth. UBS said the targets support its view that generative AI can add roughly 350-400 basis points to revenue growth. The investment firm also highlighted the scope for further modernization, noting that only 28% of cloud workflows and 17% of the potential data and AI market have been addressed, compared with 20% and 10%, respectively, in 2023. UBS reiterated its buy rating and raised its price target to $278 from $275. The company's shares were up nearly 5% in Thursday afternoon trading. Price: 225.04, Change: +10.08, Percent Change: +4.69