
Accenture Plc (ACN) Stock Forecast & Price Target
Accenture Plc (ACN) Analyst Ratings
Bulls say
Accenture experienced significant growth in its Generative AI segment during FY24, with bookings reaching $3 billion and revenues of $900 million, representing a tenfold increase from the previous fiscal year. The company is poised for stronger revenue and earnings per share growth driven by heightened demand for technology investments and strategic acquisitions, along with anticipated gains in both the IT services and advertising markets. Additionally, ongoing digital transformation initiatives among clients and an impending ERP upgrade cycle contribute to expectations of double-digit total bookings growth and overall revenue growth surpassing pre-pandemic levels.
Bears say
Accenture's recent financial reports highlight a concerning trend, with a notable decline in bookings, including a significant y/y CC bookings decline of 9.6% in 4QFY23, which contrasts sharply with a 24% growth in the subsequent quarter. The company has also underperformed relative to its revenue guidance throughout FY24, resulting in lowered revenue estimates for FY25 by $460 million to $68.4 billion, alongside a reduction in EPS estimates for FY25 and FY26. Looking ahead, Accenture anticipates only low single-digit constant currency revenue growth and margin pressure, increasing concerns regarding its ability to navigate macroeconomic uncertainties effectively.
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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