Check Out What Whales Are Doing With ACN
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish sentiment towards Accenture (NYSE:ACN) based on recent options trading activity. Analysis revealed 70% bullish and 30% bearish trades, with significant investors targeting a price range of $340 to $380 for ACN. The company, a global IT-services firm, is currently trading at $374.35, down by -1.01%. Analysts have set an average target price of $383, with mixed ratings from RBC Capital, B of A Securities, and Baird.
March 11, 2024 | 3:31 pm
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POSITIVE IMPACT
Accenture's bullish options trading activity and analyst ratings suggest a positive short-term outlook, despite a slight current downtrend in its stock price.
The bullish sentiment from financial giants, indicated by the options trading activity, along with the average target price set by analysts above the current trading price, suggests a positive short-term impact on ACN's stock price. However, the slight current downtrend and the mixed analyst ratings introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100