10 Trending AI Stocks on Wall Street

5. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 66

Accenture plc (NYSE:ACN) is one of the 10 Trending AI Stocks on Wall Street. On December 12, Stifel maintained its Buy rating on the stock with a price target of $315.00. The firm believes that the impact of artificial intelligence is being oversimplified, noting that enterprises will require third-party support to scale AI use cases.

As such, the recent slowdown in growth can be largely attributed to economic and technology uncertainty instead of fundamental shifts in the service model.

The firm further noted how historically, Accenture has been able to adapt well to technological shifts and eventually reaccelerate growth. Data points have also been encouraging in this regard, including stable pricing trends, improved reliance on service providers by AI-native companies, and federal sector stability.

The firm anticipates ACN to deliver in-line quarterly results, with a possible bias toward the higher end of guidance. Foreign exchange tailwind has also moderated to an estimated 50-70 basis points.

ACN’s earnings are scheduled for December 18th, with FY2026 EPS forecasted at $13.96.

Accenture plc (NYSE:ACN) offers strategy and consulting services.