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Barclays Maintains Accenture(ACN.US) With Buy Rating, Maintains Target Price $415

Futu News ·  Sep 30 15:31  · Ratings

Barclays analyst Ramsey El Assal maintains $Accenture (ACN.US)$ with a buy rating, and maintains the target price at $415.

According to TipRanks data, the analyst has a success rate of 52.2% and a total average return of 0.2% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Accenture (ACN.US)$'s main analysts recently are as follows:

  • Accenture is deemed the most favorably positioned entity in IT services to harness the forthcoming surge in generative artificial intelligence demand, as noted in an industry analyst's research briefing following the update to the company's model post fiscal Q4 outcomes.

  • The expectation is for an expansion in the stock's multiple as Gen AI is anticipated to drive revenue growth in conjunction with the ongoing return of capital to shareholders.

  • The significant insights from Accenture's earnings discussion suggest that the upper range of the FY25 constant currency revenue growth forecast, set between 3%-6%, does not depend on an uptick in discretionary spending. Conversely, the lower end of the projection is structured to withstand some potential decline. The initial FY25 outlook is seen as conservatively inclined, which is likely to be well-received by investors. This perspective is further bolstered by an increased quantity of substantial transformational contracts in the current backlog compared to the previous year.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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