From Financial Modeling Prep: 2024-12-20 04:05:42

Goldman Sachs has set a price target of $430 for Accenture (NYSE:ACN), indicating a potential upside of 15.54%. The company’s collaboration with the federal government is seen as a key growth driver, highlighting its resilience and growth potential in the market. CEO Julie Sweet’s emphasis on partnerships aligns with this positive outlook.

On December 19, 2024, Goldman Sachs analyst James Schneider set a price target of $430 for Accenture (NYSE:ACN), with the stock priced at $372.16 at the time. This suggests a potential upside of 15.54%, reflecting confidence in the company’s strategic initiatives and market position. The recent 7.06% increase in stock price supports this positive sentiment.

Accenture’s CEO, Julie Sweet, has highlighted the company’s collaboration with the federal government as a key growth driver. Such partnerships can significantly impact Accenture’s growth and revenue streams, especially with potential changes under the new administration. This aligns 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, showcasing its resilience and growth potential. This trading range supports the 15.54% upside potential indicated by the new price target.

With a market capitalization of approximately $232.78 billion and a trading volume of 5,238,199 shares on the NYSE, Accenture (NYSE:ACN) demonstrates a strong market presence and investor interest. This robust market activity reinforces the positive outlook and potential for future growth in line with the new price target.



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