Is Accenture Stock a Buy Now?
(NYSE: ACN) posted its latest earnings report on June 22. For the third quarter of fiscal 2023 (ended May 31), the IT service provider's revenue rose 3% year over year (5% in local currency terms) to $16.6 billion and exceeded analysts' expectations by $80 million. Its adjusted EPS grew 14% to $3.19 and also cleared the consensus forecast by $0.19.
Those headline numbers were stable, but Accenture's stock price still dropped 2% after the report, and it remains 24% below its all-time high from December 2021. Should investors still buy this blue-chip tech stock as the bulls look the other way?
Image source: Getty Images.
Source Fool.com
Accenture plc A Stock
€301.80
-0.950%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
As a result the target price of 348 € shows a slightly positive potential of 15.31% compared to the current price of 301.8 € for Accenture plc A.
