- Cowen raises Accenture's (NYSE:ACN) price target from $225 to $240 and maintains an Outperform rating. Analyst Bryan Bergin expects "better-than-feared commentary around enterprise transformation activity" and another quarter "that appeared strong in Federal awards."
- Wedbush (Outperform) lifts ACN's target from $240 to $255, saying the company "remains a great, long-term 'play' on digital." The firm thinks Accenture's results will "likely continue to benefit from COVID-driven funding expansion of SMAC/digital-related initiatives."
- Accenture shares are down 0.7% to $232.17.
- Accenture will report FQ4 results on September 24. Consensus estimates expect $10.87B in revenue and $1.73 EPS.
- Previously: Accenture price target lifted ahead of FQ4 results (Sep. 21 2020)
- Previously: Accenture price target lifted ahead of FQ4 results (Sep. 21 2020)