10 AI News Dominating Wall Street Today

6. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) offers strategy and consulting services. On December 20, Bank of America Securities analyst Jason Kupferberg maintained their bullish stance on Accenture plc, giving a Buy rating. The recent financial performance and outlook have led to the rating. The company’s first-quarter fiscal results exceeded expectations as it reported first-quarter revenue of $17.7 billion and beat analysts’ estimates of $17.12 billion, according to data compiled by LSEG. It also demonstrated rapid growth in GenAI bookings, landing first-quarter bookings of $18.7 billion, an increase of 1% from the year-ago period.

Moreover, even though a potential second-half deceleration is expected, the company’s guidance suggests it may hit the high end of its full-year revenue outlook. This is supported by operating margin expansion and growth in key sectors like Financial Services and Health/Public Services, particularly in the Americas. All of these factors demonstrate Accenture’s promising growth trajectory and justify the buy rating.