Accenture Plc ACN has been on a rollercoaster, with both its stocks and reputation swinging from low to high. The company is currently being watched by Wall Street, following a recent
revenue hit which spooked investors. However, according to hedge funds, Accenture is among the top
consulting stocks to buy. This IT giant has been focussing on
AI and Cloud computing, revolutionising various industries, partnering with companies like Siemens and crowdStrike. Their Q2 reports showed a strong $1.4B in
Generative AI bookings indicating a future-focused, innovative approach. Despite some dipping stocks and selling
, it is being projected as a
sound investment in 2025. Additionally, it is focusing on
transforming digital banking with Westpac, and advancing AI and cloud innovation in Saudi Arabia. Analysts like Jim Cramer have expressed a bearish outlook on some fronts, but bullish views have also been shared by investor Kevin O'Leary and others. While slowdown is a potential risk, their AI capabilities have been boosted recently with the addition of
Halfspace and Voltron Data. Potential hurdles in the form of DOGE cost cuts and falling bookings have been cited, yet a potential for upside remains, backed by a
rise in revenue and strategic acquisitions like
Staufen AG and Soben.
Accenture Plc ACN News Analytics from Thu, 26 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 17:49:03 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -4
