10 AI Stocks on Analysts’ Radars

3. Accenture Plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture Plc (NYSE:ACN) is a tech company that offers services related to agile transformation, data analytics, intelligent automation, AI, and software engineering. The firm is committed to speeding up the R&D and deployment of AI agents using Nvidia’s (NASDAQ:NVDA) AI offerings for faster placement of multi-agent networks for easy integration into enterprise systems. Meanwhile, the company is also revamping its core banking modernization capabilities through platform acquisitions that help unify data from legacy and modern banking architectures to facilitate product development.

On January 31st, Morgan Stanley raised Accenture Plc’s (NYSE:ACN) target price to $380 from $335 while maintaining an “Equal Weight” stock rating. The brokerage upgraded the company’s US IT Services industry outlook to “In-Line” from “Cautious.” Analysts said that investor expectations and risk/reward look “reasonably balanced for the next 12-18 months,” but key early indicators “do not point to meaningful upside to current estimates,” despite industry growth showing signs of improvement.