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Is Accenture Stock a Buy Now?


Accenture (NYSE: ACN) posted its latest earnings report on Sept. 28. For the fourth quarter of fiscal 2023, which ended on Aug. 31, the IT service provider's revenue rose 4% year over year (in both local currency and USD terms) to $16 billion but missed analysts' estimates by $80 million. Its adjusted EPS grew 14% to $2.71 and cleared the consensus forecast by eight cents.

Accenture's stock price dropped 4% after it released that mixed report, but it's still up 13% for the year. Is this blue-chip tech stock still worth buying in this choppy market?

Image source: Getty Images.

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Source Fool.com

Accenture plc A Stock

€348.90
-0.140%
The price for the Accenture plc A stock decreased slightly today. Compared to yesterday there is a change of -€0.500 (-0.140%).
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 340 € is below the current price of 348.9 € for Accenture plc A, so the potential is actually -2.55%.
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