J.P. Morgan analyst Tien Tsin Huang has maintained their bullish stance on ACN stock, giving a Buy rating on June 17.
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Tien Tsin Huang has given his Buy rating due to a combination of factors that highlight Accenture’s strong performance and strategic adjustments. The company reported solid third-quarter results, with revenue exceeding expectations despite challenging macroeconomic conditions. Accenture’s revenue growth was driven by both Consulting and Managed Services, with Consulting showing an acceleration in organic growth. The company’s ability to surpass revenue estimates by $400 million, even amidst tariff-related challenges, demonstrates its resilience and adaptability in a tough market environment.
Moreover, Accenture raised its full-year revenue guidance, reflecting confidence in its future performance. Although there are concerns about bookings and margin outlook, the company’s strategic reorganization under the new Reinvention Services unit aims to enhance its capabilities in delivering data and AI-driven solutions. This strategic move, along with leadership changes, is intended to position Accenture for continued growth. Despite some near-term uncertainties, Tien Tsin Huang’s Buy rating reflects a positive long-term outlook for Accenture, supported by its strong financial performance and strategic initiatives.
In another report released on June 17, RBC Capital also maintained a Buy rating on the stock with a $392.00 price target.