Deutsche Bank Lifts Accenture (ACN) Target on Improving AI Sentiment

Accenture plc (NYSE:ACN) is included among the 15 Best Blue-Chip Stocks with Growing Dividends.

On December 10, Deutsche Bank analyst Nate Svensson boosted his price target on Accenture plc (NYSE:ACN) to $265 from $235. However, the firm kept a Hold rating on the stock. The firm noted the improving sentiment for ACN around artificial intelligence, though it maintained a cautious stance on the shares.

Earlier, on December 9, Accenture plc (NYSE:ACN) and Anthropic announced a major expansion of their partnership, aimed at helping enterprises move from AI pilots to full-scale deployment. The two companies are forming the Accenture Anthropic Business Group, which will train roughly 30,000 professionals, which is a significant investment in talent, solutions, and go-to-market capabilities.

They also plan to roll out a new joint offering for CIOs to scale AI-powered software development and will collaborate on solutions for highly regulated industries, including financial services, life sciences, healthcare, and the public sector.

Julie Sweet, Chair and CEO, Accenture, made the following comment:

“This exciting expansion of our partnership with Anthropic will help our clients accelerate the shift from experimenting with AI to using it as a catalyst for reinvention across the enterprise. With the powerful combination of Anthropic’s Claude capabilities and Accenture’s AI expertise and industry and function domain knowledge, organizations can embed AI everywhere responsibly and at speed—from software development to customer experience—to drive innovation, unlock new sources of growth and build their confidence to lead in the age of AI.”

Accenture plc (NYSE:ACN) is a global professional services firm that helps large companies, governments, and organizations strengthen their digital infrastructure, improve efficiency, grow revenue, and enhance services using technologies such as Cloud, Data, and AI.

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Disclosure: None.