Financial Firms Raise Accenture Price Targets After AI Growth

Accenture reported fourth-quarter revenue of $18.7 billion, a 7% increase year-over-year at constant currency, with earnings per share reaching $3.29. The company saw fourth-quarter bookings rise 5% in local currency to $22.2 billion, which included 37 deals valued at over $100 million each.

Growth in artificial intelligence drove significant momentum for the firm. Accenture added more than 400 net-new AI client initiations during fiscal year 2026, while AI partner bookings tripled compared to the previous year.

Following these results, multiple financial institutions raised their price targets for the company. RBC Capital increased its target to $240 from $175 and maintained an Outperform rating. Evercore ISI set a target of $250, while Truist Securities and Jefferies both raised theirs to $220. Wells Fargo and Susquehanna increased their targets to $210, with Wells Fargo projecting revenues of $85.26 billion by 2029.