New Buy Rating for Accenture (ACN), the Technology Giant
In a report released yesterday, James Schneider from Goldman Sachs maintained a Buy rating on Accenture, with a price target of $330.00.
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According to TipRanks, Schneider is a 5-star analyst with an average return of 20.9% and a 61.35% success rate. Schneider covers the Technology sector, focusing on stocks such as Camtek, Western Digital, and Advanced Micro Devices.
In addition to Goldman Sachs, Accenture also received a Buy from TD Cowen’s Bryan Bergin in a report issued today. However, on February 27, TipRanks – xAI downgraded Accenture (NYSE: ACN) to a Hold.
Based on Accenture’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $18.74 billion and a net profit of $2.21 billion. In comparison, last year the company earned a revenue of $17.69 billion and had a net profit of $2.28 billion
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