Goldman Sachs sets a price target of $430 for Accenture (NYSE:ACN), indicating a potential upside of 15.54%.
Accenture’s collaboration with the federal government highlighted as a key growth driver.
The stock’s trading range over the past year showcases its resilience and growth potential.
Accenture (NYSE:ACN) is a global professional services company that provides a range of services in strategy, consulting, digital, technology, and operations. It serves clients in more than 120 countries and is known for its strong presence in the consulting industry. Accenture competes with other major firms like IBM and Deloitte in the consulting and technology services sector.
On December 19, 2024, James Schneider from Goldman Sachs set a price target of $430 for Accenture (NYSE:ACN). At the time, the stock was priced at $372.16, suggesting a potential upside of 15.54%. This optimistic outlook reflects confidence in Accenture’s strategic initiatives and market position. The stock’s recent performance, with a 7.06% increase or $24.55 rise, supports this positive sentiment.
Accenture’s CEO, Julie Sweet, has emphasized the company’s collaboration with the federal government. This partnership is crucial, especially with potential changes under the new administration. Such collaborations can significantly impact Accenture’s growth and revenue streams, aligning with the positive price target set by Goldman Sachs.
The stock has shown volatility, trading between $363.19 and $376.91 during the day. Over the past year, it reached a high of $387.51 and a low of $278.69. This range indicates the stock’s resilience and potential for growth, aligning with the 15.54% upside suggested by the new price target.
Accenture’s market capitalization is approximately $232.78 billion, reflecting its strong market presence. With a trading volume of 5,238,199 shares on the NYSE, investor interest remains high. This robust market activity supports the positive outlook and potential for future growth in line with the new price target.
