Why Accenture Stock Raced Higher Today
On news of a fresh business partnership, investors eagerly snapped up shares of top consultancy (NYSE: ACN) on Monday. They pushed the company's stock up by almost 3% in price on the day, comparing favorably to the 0.6% rise of the S 500 (SNPINDEX: ^GSPC).
In a joint press release, Accenture and Siemens (OTC: SIEGY) formally announced that they have formed the Accenture Siemens Business Group. The two companies said this entity would focus on the development and marketing of solutions that blend automation and industrial artificial intelligence (AI).
Accenture Siemens Business Group will leverage Accenture's data and AI technology, and Siemens' Xcelerator digital business platform.
Source Fool.com
Accenture plc A Stock
€146.50
-0.780%
The stock is an absolute favorite of our community with 55 Buy predictions and no Sell predictions.
As a result the target price of 244 € shows a very positive potential of 66.55% compared to the current price of 146.5 € for Accenture plc A.
