Accenture plc (NYSE:ACN) is one of the AI Stocks Rising on Wall Street. On December 16, Morgan Stanley upgraded the stock from Equal Weight to “Overweight” and raised its price target to $320.00 from $271.00. The company believes the stock is compelling at current levels.
Morgan Stanley noted that lower interest rates and greater clarity from artificial intelligence could support budget growth. Additionally, acquisitions can add additional upside to the stock.
“Upgrade ACN to OW as we see an attractive entry point at 18x EPS for FY27 and future revisions are likely to increase. Lower interest rates and greater AI clarity could support budget growth, and M&A would add upside.”
The firm forecast Accenture’s growth at 5% for fiscal 2026 and 7% for fiscal 2027, beating consensus estimates.
Accenture plc (NYSE:ACN) offers strategy and consulting services.
While we recognize ACN’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 10 Trending AI Stocks on Wall Street and 11 AI Stocks Analysts Are Watching Closely.
Disclosure: None.