AcquisitionsThe acquisition of CyberCX brings Accenture one of the most respected cyber practices in the APAC region, with over 1,400 highly skilled security professionals specializing in end-to-end services like security consulting, business transformation, managed security services, advanced threat intelligence, managed detection and response, cloud, and identity and access management.
AI InitiativesAI will spur multi-year tailwinds for Accenture similar to the uplift the company saw during the initial proliferation of public cloud.
EarningsAccenture is currently trading at a discount to historical average, and if the company's multiple can re-rate toward this mean, the stock can trade toward $330.