Who in the investing world isn't seeking out promising growth stocks to add to their long-term portfolio? Well, I suppose some are not.
At times, an analyst's price target cut can be a bit deceiving. The move doesn't necessarily mean the pundit has turned bearish on the affected stock.
ACN climbs throughout the session and closes at high for the day
Goldman Sachs analyst James Schneider reiterated the Buy rating on Accenture plc ACN, lowering the price forecast to $415 from $430.
Jim Cramer breaks down why he's keeping an eye on shares of Accenture.
Accenture Plc ACN reported better-than-expected earnings for its second quarter on Thursday.
The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Thursday.
Accenture stock price has imploded this year as concerns about its US government business continued. ACN has dropped in the last six consecutive weeks and is hovering near its lowest level since July last year.
Accenture disclosed Thursday (March 20) that it has lost sales and revenue in its Accenture Federal Services business unit and faces continuing uncertainty due to the Trump administration's efforts to operate the government more efficiently.
Accenture's strong market position, aggressive M&A strategy, and focus on AI and cloud computing drive impressive growth despite government spending cuts and global uncertainty. The company reported solid Q2 2025 earnings with $20.9 billion in new bookings and continued dividend growth, supported by a lean operational model. Risks include government spending cuts, global economic uncertainty, and integration challenges from elevated M&A activity, which could pressure near-term growth.
Major U.S. equities indexes slipped on Thursday, unable to add to gains posted a day earlier after the Federal Reserve said benchmark interest rates would remain at current levels. Although policymakers maintained their projections for two rate cuts this year, Fed officials struck a cautious tone about inflation and the economy.
Julie Sweet, Accenture CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent quarter, what impact Accenture may experience from DOGE cuts, and more.