Wells Fargo upgrades Accenture on signs of second‑half revenue pick-up

Wells Fargo upgrades IT consulting firm Accenture ACN.N to "overweight" from "equal weight"

Brokerage cites potential fiscal H2 revenue acceleration and conservative FY26 guide

"We have increased confidence in F2H CC revs growth acceleration given 2 consecutive qts of improved bookings growth," brokerage says

Adds, shares have been excessively punished recently due to latest round of AI fears, spilling over from anti-software sentiment

Twenty of 30 analysts rate stock "strong buy" or "buy", 9 "hold" and 1 "sell"; their median PT is $300 - data compiled by LSEG

As of last close, ACN down 42.4% in the last 12 months