Accenture (ACN) Rated Outperform at Mizuho as AI Demand Fuels Growth

Accenture plc (NYSE:ACN) is one of the AI Stocks Investors Are Watching. On December 22. Mizuho reiterated an “Outperform” rating on the stock with a $309.00 price target. The rating affirmation follows the company’s fiscal first-quarter 2026 results.

The company beat Wall Street expectations for revenue, supported by robust demand for its artificial intelligence-driven IT services.

Besides robust quarterly revenue, the company maintained its fiscal year 2026 revenue guidance of 2% to 5% growth in constant currency. This includes an estimated 150 basis points from mergers and acquisitions and a roughly 100 basis point headwind from Accenture Federal Services.

According to the firm, the robust quarter and slightly reduced Accenture Federal Services headwind may have had investors anticipating an upward revision to guidance. However, the maintained outlook is most likely a reflection of management conservatism instead of weakening business conditions.

The firm also highlighted ACN’s second consecutive quarter of robust bookings acceleration, a factor investors were concerned about for fiscal 2026. Overall, with the company investing in the accelerating generative AI services market, Mizuho anticipates Accenture to capture an increasing market share.

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

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