Accenture Stock (ACN): $370 Price Target From Baird

By Amit Chowdhry ● Dec 5, 2021
  • The shares of Accenture Plc (NYSE: ACN) have received a price target of $370 from Baird. These are the details.

The shares of Accenture Plc (NYSE: ACN) have received a price target of $370 from Baird. And Baird maintained a “Hold” rating on Accenture.

Accenture recently announced the renewal of its joint business group with Amazon Web Services (AWS). And building on a 13-year relationship, Accenture and AWS will make an additional joint investment over the next 5 years to help clients spur innovation on the Cloud Continuum and accelerate business value at scale by delivering solutions through the Accenture AWS Business Group (AABG).

On the heels of thousands of cloud projects, the extended AABG relationship announced that it will help organizations address the technology, human, and business dimensions of cloud change at scale with greater speed and certainty. And Accenture’s investment with AWS brings more timely resources for Accenture Cloud First, a multi-service group that is providing the full stack of cloud services created specifically to help the company’s clients become cloud-first businesses so they can accelerate their digital transformation.

Over the next 5 years, Accenture will develop a range of new accelerators to address the biggest challenges in cloud migrations with the goal of enabling AWS innovations to be adopted up to 50% faster. And as part of this investment, Accenture will also continue to invest in data-driven solutions for talent development and organizational change, which are critical and often cited as a key barrier to realizing cloud value.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.