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?
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Source Fool.com
Accenture plc A Stock
€163.05
-0.090%
The stock is an absolute favorite of our community with 46 Buy predictions and no Sell predictions.
As a result the target price of 259 € shows a very positive potential of 58.85% compared to the current price of 163.05 € for Accenture plc A.
