The latest trading day saw Accenture (ACN) settling at $236.76, representing a -1.6% change from its previous close.
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In the latest trading session, Accenture (ACN) closed at $261.22, marking a -3.41% move from the previous day.
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Zacks.com users have recently been watching Accenture (ACN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
ACN sharpens its tech-driven growth strategy with acquisitions, talent investment and steady dividends, reinforcing its position amid intense consulting competition.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
In the most recent trading session, Accenture (ACN) closed at $281.07, indicating a -1.41% shift from the previous trading day.
Accenture presents a bullish technical setup, trading above its 30-week EMA with upward-sloping momentum and strong volume accumulation. Despite deteriorating earnings revisions and weak growth, ACN's profitability remains outstanding, and institutional buying signals perceived undervaluation. Momentum has shifted positive, with the PPO entering bullish territory, historically preceding significant rallies for ACN.
Accenture remains a strong buy, driven by robust AI momentum and a still-attractive valuation, despite a recent 14% stock gain. AI bookings and revenues are surging, with the AI TAM expected to reach $70 billion by 2029, positioning Accenture for significant long-term growth. Q1 results showed solid demand, a 17% adjusted operating margin, and aggressive capital returns, despite some near-term guidance disappointment.
Accenture: Risk-Reward Setup Has Turned Positive (Rating Upgrade)