New Buy Rating for Accenture (ACN), the Technology Giant
J.P. Morgan analyst Tien Tsin Huang maintained a Buy rating on Accenture today and set a price target of $243.00.
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Tsin Huang covers the Technology sector, focusing on stocks such as Globant SA, Automatic Data Processing, and Fidelity National Info. According to TipRanks, Tsin Huang has an average return of 3.3% and a 52.64% success rate on recommended stocks.
In addition to J.P. Morgan, Accenture also received a Buy from TD Cowen’s Bryan Bergin in a report issued yesterday. However, on March 6, Deutsche Bank maintained a Hold rating on Accenture (NYSE: ACN).
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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