Accenture plc (NYSE:ACN) is considered one of the most undervalued tech giants to buy by hedge funds. Analysts have given the stock a ‘Buy’ rating, with a median target price of $300, suggesting an 11.12% upside potential. Surinder Thind from Jefferies reaffirmed a ‘Hold’ rating with a $270 price target.

UBS analyst Kevin McVeigh raised Accenture’s price target to $320 from $315, maintaining a ‘Buy’ rating. The company’s Advanced AI revenue saw a 120% YoY surge to $1.1 billion, with bookings reaching $2.2 billion. Accenture’s expansion into data center professional services and top alliance partnerships were highlighted.

RBC Capital increased Accenture’s price target to $295 and maintained an ‘Outperform’ rating following strong first-quarter results. The firm sees potential in Accenture’s evolving AI partnership ecosystem. The company provides strategy, consulting, technology, and operations services.

Although Accenture shows promise as an investment, some AI stocks may offer greater upside potential. For those seeking an undervalued AI stock benefiting from current trends, see Insider Monkey’s report on the best short-term AI stock. Disclosure: None.

Read more at Yahoo Finance: Can Accenture plc (ACN)’s AI Push Drive the Next Leg of Growth?