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Accenture Stock Attracts Buy Rating Following Major New Google Cloud Partnership

Accenture Stock Attracts Buy Rating Following Major New Google Cloud Partnership

Key Stats for Accenture Stock

  • Price change for Accenture stock in the last 6 months: -51%
  • $ACN Stock Price as of Jul. 8: $137
  • 52-Week High: $293
  • $ACN Stock Price Target: $179

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What Happened?

UBS reiterated its Buy rating on Accenture (ACN) and maintained its $275 price target, implying significant upside from current levels. That call comes right after Accenture announced a new partnership with Google Cloud, one that UBS sees as a meaningful step forward for the company’s growth story.

The partnership brings together Accenture and Google Cloud to launch a suite of ready-made,…

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