Mizuho Reiterates Accenture (ACN) at Outperform following FY25 Guidance
Mizuho analyst Dan Dolev reiterated an Outperform rating and $365.00 price target on Accenture plc (NYSE: ACN).
The analyst commented: "The much anticipated FY25 guide of +3% to +6% CC implies an in-line to slightly above consensus guide. This offers a sigh of relief following a disappointing FY24. As our proprietary analysis of the S&P 500 constituents showed, the downturn in opex send appears to be more muted, implying a softer landing for IT Services demand.
All this, plus accelerating GenAI new bookings ~$1bn vs over $900mn in F3Q should drive a positive stock reaction. Reiterate Outperform."
For an analyst ratings summary and ratings history on Accenture plc click here. For more ratings news on Accenture plc click here.
Shares of Accenture plc closed at $337.05 yesterday.