Evercore ISI lifts Accenture price target to $250 on strong AI‑driven results
Evercore ISI reaffirmed its Outperform rating on Accenture and raised its price target to $250. The firm cited the company's August quarter revenue of $18.7 billion, a 7% year‑over‑year increase, and earnings per share of $3.29, up 9% YoY. Accenture highlighted AI‑related growth and a record $12.8 billion in Managed Services bookings. The analyst expects the AI‑driven revenue stream to expand further in FY2027.
Why it matters
Evercore ISI says the higher target reflects the company's strong AI‑related performance and suggests the stock may be undervalued at current levels. Investors may view the $250 target as a catalyst for buying pressure if the price approaches that level.
Key facts
- 1Evercore ISI raised Accenture's price target to $250.00. investing.com
- 2Accenture reported August quarter revenue of $18.7 billion. investing.com
- 3Accenture's earnings per share for the quarter were $3.29. investing.com
- 4Revenue grew 7% year‑over‑year at constant currency. investing.com
- 5EPS grew 9% year‑over‑year. investing.com
- 6Total bookings reached $22.2 billion, up 5% at constant currency. investing.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.