Accenture Reports Strong Bookings, Analysts Adjust Targets
Accenture plc reported record Q2 bookings, including several large-scale client engagements, and on March 20 RBC Capital cut its price target to $253 from $295 while keeping an Outperform rating. HSBC the same day upgraded Accenture to Hold from Reduce and lowered its target to $220 from $235, citing solid quarterly performance and noting AI investments and acquisitions may support future organic growth.
Scoring Rationale
Score driven by credible analyst revisions and strong bookings, with limited novelty and shallow promotional coverage reducing impact.
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Sources
- Read OriginalAccenture (ACN) Sees Record Bookings and AI Investment Momentum Despite Price Target Cutsinsidermonkey.com
