Accenture (NYSE:ACN) Price Target Raised to $300.00 at Wolfe Research

Key Points

• Wolfe Research has raised Accenture's price target from $285.00 to $300.00, indicating a potential upside of 21.07% from the previous close and maintaining an "outperform" rating.
• Accenture reported earnings of $3.03 per share for the last quarter, surpassing estimates, with revenue totaling $17.60 billion, up 7.3% year-over-year.
• Average target price for Accenture amongst analysts stands at approximately $298.79, with a consensus rating of "Moderate Buy".

Accenture (NYSE:ACN - Get Free Report) had its price objective hoisted by research analysts at Wolfe Research from $285.00 to $300.00 in a research report issued on Wednesday,MarketScreener reports. The firm presently has an "outperform" rating on the information technology services provider's stock. Wolfe Research's target price points to a potential upside of 21.07% from the company's previous close.

A number of other equities research analysts also recently issued reports on the stock. Mizuho lowered their price target on shares of Accenture from $348.00 to $309.00 and set an "outperform" rating on the stock in a report on Monday, September 29th. UBS Group decreased their price target on shares of Accenture from $363.00 to $315.00 and set a "buy" rating on the stock in a report on Wednesday, September 24th. Hsbc Global Res raised Accenture to a "moderate sell" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. lowered their price target on Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a report on Friday, September 26th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Accenture in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $298.79.

Accenture Stock Performance

Accenture stock traded down $2.73 during mid-day trading on Wednesday, reaching $247.78. 265,786 shares of the company's stock were exchanged, compared to its average volume of 3,858,779. The firm has a market capitalization of $163.16 billion, a PE ratio of 20.39, a P/E/G ratio of 2.11 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $247.11 and its 200 day simple moving average is $278.25. Accenture has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, sell-side analysts expect that Accenture will post 12.73 earnings per share for the current year.

Institutional Investors Weigh In On Accenture

Large investors have recently made changes to their positions in the business. Investors Research Corp increased its position in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its stake in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider's stock worth $26,000 after buying an additional 61 shares in the last quarter. Davis Capital Management bought a new stake in Accenture during the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its stake in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 73 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the first quarter worth $31,000. 75.14% of the stock is currently owned by institutional investors.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

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