Can Accenture plc (ACN)’s AI Push Drive the Next Leg of Growth?

Accenture plc (NYSE:ACN) is among the most undervalued tech giants to bargain according to hedge funds. As of December 26, Accenture plc (NYSE:ACN) has a standing of ‘Buy’ oregon equivalent from somewhat much than fractional of the analysts covering the stock. While the people terms ranges from $205 to $330, the median people of $300 implies an upside imaginable of 11.12%. On December 19, Surinder Thind, an expert astatine Jefferies, reaffirmed a ‘Hold’ standing connected the stock, with a terms people of $270.

Kevin McVeigh from UBS, among the analysts recommending the stock, lifted the terms people connected ACN to $320 from $315 and maintained a ‘Buy’ standing connected December 19, according to TheFly. The expert highlighted the company’s coagulated presumption successful artificial quality and a dependable request environment.

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UBS noted that the company’s Advanced AI achieved $1.1 cardinal successful gross successful the archetypal quarter, marking a 120% YoY surge. Similarly, Advanced AI bookings reached $2.2 billion, 76% higher than past year. Accenture is poised to standard generative AI efforts for clients, the expert added.

What’s adjacent much absorbing is Accenture’s enlargement into information halfway nonrecreational services, a marketplace that is anticipated to treble successful size by 2030. UBS emphasized the company’s apical 10 confederation partnerships, which it believes volition heighten Accenture plc’s (NYSE:ACN) wide performance.

On the aforesaid day, RBC Capital raised the terms people connected Accenture plc (NYSE:ACN) to $295 from $285 and reaffirmed an ‘Outperform’ rating, pursuing its first-quarter results, arsenic reported by The Fly. The steadfast is optimistic astir Accenture’s “increasingly evolving AI concern ecosystem,” which volition apt beryllium a maturation catalyst for the company.

Accenture plc (NYSE:ACN) is an Ireland-based supplier of strategy, consulting, technology, and operations services. Incorporated successful 1951, the institution offers security, an intelligent platform, bundle engineering, and automation and planetary transportation services, among others.

While we admit the imaginable of ACN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None.