Accenture's Julie Sweet discusses the growth of AI, macro uncertainty, the UK market and DEI policy
In the most recent trading session, Accenture (ACN) closed at $320.92, indicating a +1.36% shift from the previous trading day.
Given the decline in ACN's share price, we evaluate its current position to find out whether it offers a good investment opportunity now.
Accenture (ACN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the closing of the recent trading day, Accenture (ACN) stood at $314.47, denoting a -0.74% change from the preceding trading day.
NEW YORK--(BUSINESS WIRE)--Accenture today announced that chief executive officer of Accenture Song, David Droga, has chosen to step down from day-to-day leadership.
David Droga's sale of his namesake agency to Accenture in 2019 gave momentum to consultancies' move into marketing services.
The latest trading day saw Accenture (ACN) settling at $315.43, representing a +1.89% change from its previous close.
Accenture's transformation into a digital and IT integration leader, with strong AI and managed services growth, underpins my bullish outlook. The company boasts a diversified client base, stable margins, low debt, and robust free cash flow, supporting generous dividends and buybacks. My DCF-based valuation yields a fair value of $354 per share, offering 12% upside with limited downside risk at current levels.
Accenture plc's recent price correction is an overreaction to a few temporary macroeconomic headwinds. These headwinds include the DOGE initiatives and trade disputes, but are temporary in my view. Fundamentally, I see a highly profitable business with promising growth potential (especially AI-related) at a discounted price.
Accenture offers a unique blend of stability and AI-driven growth, making it a compelling long-term portfolio addition even late in the AI boom cycle. Generative AI momentum, robust financials, and sectoral diversification position Accenture to benefit from the next tech wave while mitigating volatility. Short-term risks include federal budget cuts and macro headwinds, but Accenture's long-term value proposition and resilience suggest only temporary impacts.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?