Here’s Why Analysts Just Upgraded Accenture plc (ACN)

We recently compiled a list of the 10 Companies That Analysts Just Upgraded. In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against the other companies that just upgraded.

The last week was full of negativity as the S&P went down nearly 3.5%. Matters were made worse by raging wildfires in Los Angeles, which have shocked people across the country. Amidst all this, there were a lot of positive developments as analysts continued to point out companies poised for a great performance in 2025.

Artificial Intelligence stocks continue to dominate coverage despite the fear of a slowdown in spending. With agentic AI the new hype, many companies are only just entering their AI journey, so investors still have a lot of undervalued plays that are worth looking at.

To come up with the list of 10 companies that analysts just upgraded, we only considered companies with a market cap of at least $1 billion.

A team of data experts gathered around a computer monitor analyzing customer data.

Accenture plc (NYSE:ACN)

Accenture plc (NYSE:ACN) 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.

Overall ACN ranks 2nd on our list of the companies that just upgraded by analysts. While we acknowledge the 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 timeframe. If you are looking for an AI stock that is as promising as ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.