7/103 sources · 3 publishersUpdated Oct 30, 22:07 UTC
Wells Fargo raises Accenture price target to $252, stock jumps 5%
Wells Fargo lifted its price target on Accenture from $210 to $252 while keeping an Equal‑Weight rating. The upgrade prompted Accenture shares to rise 5.1% to $259.72 on the day of the announcement. Insider selling was reported, with $1.43 million disclosed in a recent filing and $3.77 million sold over the prior three months.
Why it matters
The higher target signals analyst confidence in Accenture’s outlook, which may attract buying despite the stock trading above the new target. Insider sales could temper enthusiasm, as investors may view the disposals as a negative signal.
Key facts
- 1Wells Fargo raised its price target on Accenture from $210 to $252. marketscreener.com
- 2Wells Fargo kept an Equal‑Weight rating on Accenture while raising the target. gurufocus.com
- 3The price‑target increase represents a 20% rise. gurufocus.com
- 4Accenture shares jumped 5.1% to close at $259.72. news.alphastreet.com
- 5The trade occurred on volume of 2.7 million shares. news.alphastreet.com
- 6Accenture’s market capitalization reached $158.8 billion after the move. news.alphastreet.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.