Accenture (ACN) Faces Headwinds, but Analyst Maintains Buy With $315 Target

Accenture plc (NYSE:ACN) is one of the Must-Watch AI Stocks on Wall Street. On September 16, Stifel analyst David Grossman lowered the price target on the stock to $315.00 from $355.00 while maintaining a Buy rating.

The firm noted how Accenture has lagged the equal-weight S&P by an estimated 2500 basis points over the last 90 days driven by flattish to low-single-digit industry growth and stronger performance of AI-leveraged software and semiconductor sectors.

Several higher-risk areas were highlighted for Accenture, including Song (digital marketing), application services, and government services (DOGE). The firm has deemed these headwinds to be legitimate while suggesting market fears “could easily exceed reality.”

Looking ahead, the firm anticipates potential outperformance with an estimated 2% year-over-year constant currency organic revenue growth backed by stable macroeconomic conditions and stronger U.S. federal results.

Stifel has deemed the risk-reward profile to be “very compelling” for patient investors.

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

While we acknowledge the risk and potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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