Accenture Stock Buy or Sell? ACN Stocks Forecast

Market Capitalization: 185 629 327 000 $
EBITDA: 10 699 595 000 $
Price to Earnings: 25.78
Quarterly Earnings Growth YOY: -0.059
Quarterly Revenue Growth YOY: 0.051
Trailing PE: 25.78
Forward PE: 25.58
Shares Outstanding: 662596000






Accenture Stock Buy or Sell? ACN Stocks Analytic Forecasts

April 1, 2023 (06:18)

Accenture plc (ACN) Sector: Technology

We present you the most up-to-date and complete review of analytical trend forecasts and views on the ACN stock market. Experts share their opinions on what to expect from the Accenture plc stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Accenture stocks.

Accenture plc Stock Market Experts’ Analysis and Forecasting – Sell or Buy ACN Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Deep Tech Insights and is titled

“Accenture: Undervalued Intrinsically With Huge Cloud Tailwinds”

is published on March 17 (2023) and has 4 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • Accenture’s customers include over 75% of the Fortune 500 and 89 of the Fortune 100.
  • The company reported strong financial results for Q1 FY23 as it beat both revenue and earnings growth forecasts.
  • Accenture announced a huge $1.4 billion buyback of 5.2 million shares in Q1 FY23, which is a positive sign.

The author starts his analytic review with the following:

Accenture (NYSE:ACN) is a leading consultancy firm that specialises in I.T. and digital services. The company is poised to benefit from the growth in the “Digital Transformation” of enterprises, with a specific focus on the Cloud. The cloud market is forecast to grow at a rapid 17.9% compounded annual growth rate [CAGR] and be worth over $1.24 trillion by 2029. So far, Accenture has been executing exceptionally and the company recently beat both its top and bottom line growth estimates. The company has also been on an “Acquisition spree” during 2022 and 2023, acquiring over 40 companies, with many helping bolster its Cloud first division. In this post, I’m going to break down its financial results, discuss its tailwinds from the cloud and its acquisition strategy. Before revealing my intrinsic valuation model for the company, let’s dive in.

The opinion of the author can be considered quite authoritative.
The number of 5533 followers confirms this.
Deep Tech Insights is the contributor of experts community
since 2022 and has 349 works published.


One more noteworthy article is written by Mohammed Saqib under the title

“Accenture: Structural Growth Trends Remain Intact”

on March 8 (2023) and has 1 likes. The expert reflects Bullish trend of the market.

Нis theses make you think about whether to add ACN stocks to your investment portfolio or not, and helps to work out your own Accenture stock selling strategies:

  • Accenture’s strong cloud investments over the past few years could support high-single to low-double-digit sales growth in 2023.
  • The need for greater insights as well as emerging technologies like Internet of Things, blockchain, and metaverse could be longer-term drivers for IT services.
  • ACN stock is trading at a discount compared to its historical multiple.

Mohammed Saqib starts analysis with such words:

Thesis Accenture’s (NYSE:ACN) emphasis on investing ahead of the curve in emerging technologies is the primary reason it’s gaining market share from rivals — despite its size — and I believe this should continue. The company’s culture of continuous innovation is unique in the IT-services industry and has helped the company reinvent its operating strategy when needed. Recent bookings data suggest that demand is softening, and sales growth in fiscal 2024 will be lower than in the past three years. However, ACN stock is currently trading at a discounted multiple to its historical EV/EBITDA at 13.5x. I keep an end of December’24 price target of $322 based on assumed 15x multiple to CY24E EBITDA.

The expert’s Followers level is low yet – less 100, but that will probably change soon.

Mohammed Saqib is the contributor of experts community since 2022


Another analysis presented by Felix Fung came out on February 21 (2023). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for ACN stocks. It sounds like

“Accenture: A Smart Play For Digital Transformation”

Article has got 4 likes at the moment and forecasting Bullish trend of the market.

Summarizing the information presented in the review concerning the Accenture plc, the expert says the following:

  • Accenture is down over 33% from its all-time high in 2021.
  • The company is facing macro headwinds but digital transformation should continue to be a strong tailwind.
  • Latest financial results continue to be solid with EPS up 11%.
  • Its current multiples have also come down a lot and are now trading below its historical average.
  • I rate the company as a buy.

And here, what comes first:

Investment Thesis Accenture (NYSE:ACN) has been a solid performer in the past decade with shares up over 270% during the period, significantly outpacing the S&P 500 Index which was up roughly 170%. However, it has been struggling in the past year, with the share price pulling back over 33% from its all-time high due to macro headwinds such as rising rates and elevated inflation.

The author declares an interesting position, and the number of his followers is 629 and it grows, but not that weighty compared to other authors.
Felix Fung has 108 analytic reviews published.
The contributor of experts community since 2022


The Share Price of Accenture plc (ACN) for now

What analysts predict: $311.8
52-week high/low: $340.14 / $241.96

50/200 Day Moving Average: $271.62 / $279.61

The average stock price over the previous 50/200 days. For Accenture stocks, the 50-day moving average is the resistance level for now. For ACN stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for ACN stock with charts and tables

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