Accenture’s AI Surge Fuels Stock Rebound Amid Institutional Accumulation
Accenture shares rallied 10% from recent lows as institutional investors position for the firm's AI-driven growth. The stock remains 30% below its 52-week peak despite tripling AI revenue to $2.7 billion and nearly doubling bookings to $5.9 billion.
Strategic partnerships with OpenAI and Snowflake strengthen Accenture's ecosystem position. Analysts describe the movement as a 'reset' rather than recovery, with technical indicators showing the stock testing key moving averages at $248 (50-day) and $267 (200-day).
The company expects 2-5% revenue growth and 8% EPS expansion in FY26, with trading volume suggesting sustained institutional interest. Market participants are watching whether AI momentum can overcome broader tech sector headwinds.