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Stock impact report

Truist Starts Coverage on Accenture (ACN) With $317 Price Target [Yahoo! Finance]

Accenture plc Class A Ordinary Shares (Ireland) (ACN) 
Last accenture plc class a ordinary shares (ireland) earnings: 3/19 06:44 am Check Earnings Report
US:NYSE Investor Relations: investor.accenture.com
Company Research Source: Yahoo! Finance
coverage on the stock with a “Buy” rating and a $317 price target. The firm deems ACN as a as a compelling (but not riskless) investment opportunity to benefit from enterprise modernization trends, particularly GenAI. Analysts believe that ACN's business mix should support mid-single-digit growth and stable margins over a multi-year time horizon. This is despite current stock valuation pricing in concerns about existing business being cannibalized by GenAI. "The stock trades at a material discount to its historical average largely due to GenAI cannibalization of existing business. We think patient investors will be rewarded given ACN's strategic partnerships with the leading frontier labs, broader GenAI ecosystem, and track-record in cannibalizing legacy revenue.” -Ramnani and his team. Neverthless, strategic partnerships with leading frontier labs and the broader GenAI ecosystem serve as positive factors for the company. Accenture also holds a track record for successfully cann Show less Read more
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