Accenture plc (NYSE:ACN) Targets Growth with Strategic Acquisition and Strong Earnings Forecast

• Accenture's price target set at $315 by UBS, indicating a potential increase of 32.43%.
• Fourth-quarter earnings expected to rise to $2.96 per share with revenue forecasted at $17.35 billion.
• Strategic acquisition of French advisory firm Orlade Group to bolster management capabilities in large capital projects.

Accenture plc (NYSE:ACN) is a global professional services company based in Dublin, Ireland, specializing in consulting, technology, and outsourcing services. Competing with major firms like IBM and Deloitte, Accenture is poised for growth with a price target of $315 set by Kevin McVeigh from UBS, suggesting a potential increase of 32.43% from its current price of $237.87.

Accenture is on the verge of releasing its fourth-quarter earnings results on September 25, with analysts expecting earnings of $2.96 per share, up from $2.66 per share last year. The anticipated revenue is $17.35 billion, an increase from $16.41 billion a year ago, reflecting the company's strong performance and strategic initiatives, including its planned acquisition of the French advisory firm Orlade Group.

The acquisition aims to enhance Accenture's management capabilities for large capital projects, with Orlade's subsidiaries, Op2 and pmO, bringing expertise in project planning and execution across industries like nuclear energy, transportation, defense, and space. This move is expected to strengthen Accenture's position in these sectors.

Recently, Accenture's stock price saw a slight increase of 0.1%, closing at $239.99. The stock is currently priced at $238.00, reflecting a 1.06% increase or $2.50. The stock has fluctuated between $235.75 and $239.61 today. Over the past year, it reached a high of $398.35 and a low of $234.10, with a market capitalization of approximately $148.24 billion.

The trading volume for Accenture on the NYSE is 1,128,211 shares, indicating investor interest possibly driven by the upcoming earnings report and strategic acquisitions. As Accenture continues to expand its capabilities and market presence, it remains a key player in the global consulting industry.