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Dec 20, 2024 3:00 PM - Danny Green(Last modified: Dec 23, 2024 8:13 AM)
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Accenture (NYSE:ACN) is a global professional services company that provides consulting, technology, and outsourcing services. It operates in various industries, including communications, media, and technology. Accenture competes with firms like IBM and Deloitte. On December 20, 2024, Jefferies maintained its "Hold" rating for Accenture, with the stock priced at $366.37. Jefferies also raised its price target from $355 to $385.
Goldman Sachs analyst James Schneider has a more optimistic view, increasing Accenture's price target from $420 to $430 and maintaining a "Buy" rating. Schneider believes Accenture will sustain its post-earnings gains due to stronger revenue results and guidance. Despite foreign exchange pressures, Schneider sees significant secular tailwinds for Accenture.
Accenture's stock price is currently $366.37, reflecting a decrease of 1.56% or $5.79. The stock has traded between $362 and $370.70 today. Over the past year, it reached a high of $387.51 and a low of $278.69. Accenture's market capitalization is approximately $229.16 billion, with a trading volume of 967,971 shares on the NYSE.
Jefferies' decision to maintain a "Hold" rating suggests a cautious approach, while Goldman Sachs' "Buy" rating indicates confidence in Accenture's future performance. The differing price targets reflect varying expectations for the company's growth and ability to navigate current market conditions.
Dec 20, 2024 9:02 AM - Stuart Mooney
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