Accenture shares are trading higher after Wedbush raised its price target on the stock from $360 to $400.
Portfolio Pulse from Benzinga Newsdesk
Accenture's stock price increased following an upgrade in its price target from $360 to $400 by Wedbush.
March 12, 2024 | 3:30 pm
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Accenture's stock price rose after Wedbush increased its price target for the company.
The increase in Accenture's price target by Wedbush is a strong vote of confidence in the company's future performance. This kind of analyst upgrade typically leads to a positive short-term reaction in the stock market as investors adjust their expectations upwards. Given the significant jump from $360 to $400, it signals a bullish outlook on Accenture's growth prospects and financial health, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100