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.
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:
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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.
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