Expert Ratings For Accenture
Portfolio Pulse from Benzinga Insights
Accenture (NYSE:ACN) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiments in the last 30 days. The average 12-month price target for ACN has been raised to $386.8, reflecting a 9.19% increase from the previous target. Analysts from firms like Baird, B of A Securities, and RBC Capital have updated their ratings and price targets, indicating a positive outlook on Accenture's financial performance, which includes a revenue growth rate of 3.03%, a net margin of 12.16%, and strong debt management.
March 07, 2024 | 1:01 pm
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POSITIVE IMPACT
Accenture's stock may see a short-term positive impact due to the recent analyst upgrades and increased price targets. The company's strong financial performance and positive revenue growth further support this optimistic outlook.
The increase in Accenture's average price target, along with positive financial indicators such as revenue growth and net margin, suggests analysts are optimistic about the company's future performance. This optimism, reflected in the recent analyst ratings and upgrades, is likely to positively influence investor sentiment and potentially lead to a short-term increase in ACN's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100