10 Companies That Analysts Just Upgraded

2. Accenture plc (NYSE:ACN)

Accenture plc is a consulting company operating globally. It serves various sectors including communications, media and technology, health and public service; retail, consumer goods, banking and capital markets, natural resources, energy, and utilities. Its stock received an upgrade from Wolfe Research from peer performance to outperform with a target price of $425.

According to analyst Darrin Peller, downside risk remains quite low, as per the guidance discretionary conditions are assumed to be stable. Wolfe Research’s Analysts believed that discretionary demand is likely to improve going forward. Political stability and interest rate cuts could help improve the government’s budgets, ultimately benefitting service providers like Accenture.

The company’s investment in GenAI can help gain market share as client demand for GenAI grows. As more companies move towards implementing AI to streamline their business operations, ACN is set to benefit.