UBS analyst Kevin McVeigh reiterated a Buy rating and $275.00 price target on Accenture plc (NYSE: ACN).

The analyst commented, "Accenture and Google Cloud are offering a new suite of prebuilt, industry-specific, midmarket—$300m-$3b revenue—agentic AI solutions through its recently launched Accenture Edge business. This partnership syncs Google's Gemini Enterprise, Gemini Agent Platform, Agentic Data Cloud, and AI Threat Defense with Accenture's implementation expertise to help customers move from AI pilots to production more quickly using packaged solutions across customer intelligence, customer experience, cybersecurity, business operations, industry workflows, and workforce productivity. We view this announcement as additional evidence that AI deployment is moving beyond experimentation toward scaled enterprise adoption, expanding Accenture's addressable market by bringing its traditionally large-enterprise consulting and transformation capabilities midmarket. The launch reinforces our view that AI is driving incremental consulting, cloud migration, data modernization, and managed service demand, while strengthening Accenture's relationship with Google Cloud to capture a larger share of AI transformation spending across a broader customer base."

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Shares of Accenture plc closed at $142.14 yesterday.