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ServiceNow (NOW) Rating Upgraded by Guggenheim to Buy from Neutral
Insider Monkey41d agobullish
ServiceNow (NOW) Rating Upgraded by Guggenheim to Buy from Neutral

ServiceNow Inc. (NYSE:NOW) is one of the 10 Best SaaS Stocks to Buy According to Reddit. On July 1, TheFly reported that Guggenheim upgraded its rating on ServiceNow to Buy from Neutral with a price target of $125. The analyst highlighted that at its current share price, the stock offers an attractive opportunity for investors […]

Accenture (ACN) Price Target Lowered by $22 at JP Morgan. Here is Why
Insider Monkey49d agoneutral
Accenture (ACN) Price Target Lowered by $22 at JP Morgan. Here is Why

With an annual dividend yield of 5.13%, Accenture plc (NYSE:ACN) is included among the 12 Best S&P 500 Stocks to Buy for Dividends. Accenture plc (NYSE:ACN) provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. On June 21, JPMorgan lowered its […]

Investing.com51d agobearish
Accenture downgraded by TD Cowen on AI concerns

Investing.com -- TD Cowen downgraded shares of Accenture to Hold from Buy and slashed its price target to $150 from $258, arguing that a near-term recovery has become increasingly difficult as growth expectations weaken and investor sentiment toward the consulting giant deteriorates.

Investing.com56d agobearish
Berenberg downgrades Cognizant as AI risks cloud IT services outlook

Investing.com -- Artificial intelligence-driven disruption is increasing pressure on the IT services industry, prompting Berenberg to turn more cautious on the sector as concerns grow over AI-led pricing deflation, uncertain value capture and a lack of near-term catalysts for a valuation recovery.

Investing.com58d agobearish
Accenture downgraded by Morgan Stanley as AI spending crowds out IT service demand

Investing.com -- Morgan Stanley downgraded Accenture to Equal-weight from Overweight and slashed its price target to $177 from $240, arguing that the anticipated boost to IT services spending from artificial intelligence investments has yet to materialize as enterprises continue to prioritize AI projects over traditional discretionary technology spending.

Accenture (ACN) Faces Lower Price Target from TD Cowen as Industry Challenges Persist
Insider Monkey64d agoneutral
Accenture (ACN) Faces Lower Price Target from TD Cowen as Industry Challenges Persist

With a TTM operating cash flow of $13.08 billion, Accenture plc (NYSE:ACN) is included among the 12 Cash-Rich Stocks to Buy Right Now. On June 8, TD Cowen lowered its price recommendation on Accenture plc (NYSE:ACN) to $258 from $282. It reiterated a Buy rating on the stock. The firm said both Accenture and the broader services […]

Accenture Plc (ACN): A Debt-Free IT Stock Expanding AI Capabilities Despite Downgrade
Insider Monkey66d agobearish
Accenture Plc (ACN): A Debt-Free IT Stock Expanding AI Capabilities Despite Downgrade

Accenture Plc (NYSE:ACN) is one of the best debt-free IT stocks to buy now. On June 1, Truist Securities downgraded Accenture Plc (NYSE:ACN) to a Hold with a $210 price target. The downgrade came amid concerns the company could struggle amid constrained budgets in the sector. In addition, Truist Securities remains wary of competition from […]