Morgan Stanley Upgrades Accenture (ACN) to Overweight, Raises Target to $320

Accenture plc (NYSE:ACN) is one of the Buzzing AI Stocks on Wall Street. On December 16, Morgan Stanley upgraded the stock from Equal weight to “Overweight” and raised its price target to $320.00 from $271.00. The firm believes that the stock is compelling at current levels.

Morgan Stanley noted that lower interest rates and more artificial intelligence clarity could support budget growth. Moreover, acquisitions may add additional upside for the stock.

“Upgrading ACN to OW as we see an attractive entry point at 18x FY27 EPS and forward revisions are likely going up. Lower interest rates and more AI clarity could support budget growth, with M & A adding upside.”

The firm forecast Accenture’s growth at 5% for fiscal year 2026 and 7% for fiscal year 2027, beating consensus estimates.

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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Disclosure: None.