
Accenture Plc (ACN) Stock Forecast & Price Target
Accenture Plc (ACN) Analyst Ratings
Bulls say
Accenture has exhibited significant growth in its GenAI sector, with bookings increasing approximately 10 times to $3 billion and revenues rising to $900 million in FY24, compared to the previous fiscal year. The demand for accelerated technology investments among clients is expected to drive stronger revenue and earnings per share growth, positioning Accenture favorably against its digital pure-play peers. With expectations of double-digit total bookings growth and balanced hiring strategies, along with a robust outlook for outsourcing and new revenue streams, Accenture is poised for sustained growth above pre-pandemic levels.
Bears say
Accenture has experienced a notable decline in bookings, particularly highlighting a 9.6% year-over-year contraction in 4QFY23, which stands in stark contrast to the previous five years of consistent growth. Despite a slight revenue beat in 1QFY25, overall revenue guidance for FY24 has proven disappointing, prompting substantial reductions in revenue estimates for FY25 and FY26, with projected revenues decreasing by approximately $1.4 billion. Additionally, assumptions of only low single-digit growth in constant currency, alongside slight margin contraction, signal a challenging outlook for Accenture's operational performance in the medium term.
This aggregate rating is based on analysts' research of Accenture Plc and is not a guaranteed prediction by Public.com or investment advice.
Accenture Plc (ACN) Analyst Forecast & Price Prediction
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