
Accenture Plc (ACN) Stock Forecast & Price Target
Accenture Plc (ACN) Analyst Ratings
Bulls say
Accenture demonstrated significant growth in GenAI bookings and revenues for FY24, recording bookings of $3 billion and revenues of $900 million, representing a tenfold increase from FY23 levels. This surge is attributed to heightened demand for digital transformation and technology investments, along with balanced hiring and strategic acquisitions that support the company's expansion into new offerings and regions. Additionally, expectations of continued double-digit total bookings growth and a favorable outlook for outsourcing services signify a robust growth trajectory that could elevate Accenture’s revenue and margin metrics in the coming years.
Bears say
The financial excerpts indicate a concerning downturn in Accenture's business, with a significant 9.6% year-over-year decline in bookings reported in the fourth quarter of FY23, contrasting sharply with a rebounding 24% growth in the subsequent quarter of FY24. Furthermore, the company's revenue performance throughout FY24 was underwhelming compared to guidance, culminating in a lowered revenue estimate for FY25 by $460 million to $68.4 billion, alongside a reduction in projected earnings per share for both FY25 and FY26. Additionally, there is a forecasted 5% quarter-over-quarter revenue decline, which raises substantial concerns regarding Accenture's ability to achieve consistent growth amidst ongoing macroeconomic uncertainties.
This aggregate rating is based on analysts' research of Accenture Plc and is not a guaranteed prediction by Public.com or investment advice.
Accenture Plc (ACN) Analyst Forecast & Price Prediction
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