Breaking Down Accenture: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Six analysts have recently updated their ratings on Accenture (NYSE:ACN), with varying perspectives from bullish to bearish. The average 12-month price target is now $375.5, an 8.68% increase from the previous $345.50. Analysts from firms like Morgan Stanley, BMO Capital, UBS, Wedbush, and Redburn Atlantic have raised their price targets, indicating a positive outlook on Accenture's performance. The company has shown strong financial health with a market capitalization above industry average, a revenue growth rate of 3.03%, a net margin of 12.16%, an ROE of 7.54%, an ROA of 3.84%, and a low debt-to-equity ratio of 0.12.
January 24, 2024 | 8:00 pm
News sentiment analysis
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POSITIVE IMPACT
Accenture's positive analyst ratings and raised price targets suggest a bullish sentiment. Strong financial indicators like revenue growth and net margin further support a positive outlook.
The unanimous positive revisions in price targets by analysts from reputable firms, combined with Accenture's solid financial performance, suggest a high likelihood of stock appreciation in the short term. The increased average price target and the company's strong market position reinforce this expectation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100