12 AI News and Ratings Investors Are Watching Right Now

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8. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) provides AI-driven services such as data and AI, automation, and intelligent platforms, catering to various sectors like communications, banking, healthcare, and energy. The company also partners with Kyoto University to advance research and innovation in human-centered AI.

On December 20, Mizuho Securities analyst Dan Dolev maintained a Buy rating on Accenture driven by several positive indicators. The company reported an 8% growth in constant currency revenue for Q1 of fiscal year 2025, surpassing its 2-6% guidance. This growth was broad-based, including a notable turnaround in the Financial Services sector, which moved from a 2% decline in Q4 of fiscal year 2024 to a 4% gain in Q1 of fiscal year 2025.

Accenture also saw a rise in generative AI bookings, reaching $1.2 billion, up from $1 billion in the prior quarter. The products segment grew 10% in constant currency, while the consulting segment posted a 6% increase. A slight slowdown in bookings growth is attributed to a tough comparison with the previous quarter. Dolev has set a price target of $428 on Accenture.

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