Accenture Poised for Modest Outperformance: Buy Rating Backed by Stable Demand and Strategic Initiatives
Bryan Bergin from TD Cowen maintains a Buy rating on Accenture, with a price target of $295. The rating is supported by stable demand, strategic initiatives, and minimal impact from challenges like the U.S. Federal government shutdown. Key positive factors include a strong Consulting book-to-bill ratio, gross margin stability, and scaling of GenAI activities. Despite some headwinds, these factors underpin the positive outlook for Accenture's stock.