Morgan Stanley Upgrades Accenture (ACN) to Overweight, Raises Target to $320

Accenture plc (NYSE:ACN) is one of the Buzzing AI Stocks 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 firm believes that the stock is compelling at current levels.

Morgan Stanley noted that lower interest rates and more artificial intelligence clarity could support budget growth. Moreover, acquisitions may add additional upside for the stock.

"Upgrading ACN to OW as we see an attractive entry point at 18x FY27 EPS and forward revisions are likely going up. Lower interest rates and more AI clarity could support budget growth, with M & A adding upside."

The firm forecast Accenture’s growth at 5% for fiscal year 2026 and 7% for fiscal year 2027, beating consensus estimates.

Accenture plc (NYSE:ACN) offers strategy and consulting services.

While we acknowledge the potential of ACN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.