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Jefferies Reduces Its Price Target for Accenture Plc. (ACN) from $260 to $250, Keeps a Hold Rating
Yahoo Financeยท 2025-10-08 14:10
Group 1: Company Overview - Accenture Plc. (NYSE:ACN) is a multinational professional services company that provides strategy, technology, and consulting services to help businesses scale and modernize through digital, cloud, and artificial intelligence solutions [5] Group 2: Investment Insights - Accenture has been recognized as one of the 13 Safest Stocks to Invest in Now, driven by significant hedge fund interest and a strong return on equity [1] - Jefferies has reduced its price target for Accenture from $260 to $250 while maintaining a Hold rating, citing the company's ongoing reorganization towards artificial intelligence [2] - Jefferies noted that investor sentiment regarding AI integration is a key driver for Accenture's stock performance, despite fiscal 2026 guidance being in line with expectations [3] Group 3: Strategic Developments - Accenture made a strategic investment in the UK-based insurtech company Rehuman, aiming to enhance client engagement through data-driven, AI-powered solutions [4] - The advancements in AI-focused transitions at Accenture highlight both the potential benefits and challenges the company may face [4] Group 4: Financial Projections - Jefferies increased its estimate for Accenture's fiscal 2026 adjusted EPS to $13.83, reflecting an increase of $0.35 from previous projections [3]