Fintel reports that on December 6, 2024, Goldman Sachs upgraded their outlook for Accenture (NYSE:ACN) from Neutral to Buy.
Analyst Price Forecast Suggests 7.78% Upside
As of December 3, 2024, the average one-year price target for Accenture is $390.84/share. The forecasts range from a low of $333.30 to a high of $472.50. The average price target represents an increase of 7.78% from its latest reported closing price of $362.63 / share.
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The projected annual revenue for Accenture is 75,499MM, an increase of 16.34%. The projected annual non-GAAP EPS is 14.10.
What is the Fund Sentiment?
There are 3,632 funds or institutions reporting positions in Accenture. This is an increase of 14 owner(s) or 0.39% in the last quarter. Average portfolio weight of all funds dedicated to ACN is 0.62%, an increase of 6.14%. Total shares owned by institutions increased in the last three months by 3.12% to 551,681K shares. 
The put/call ratio of ACN is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,855K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 19,860K shares , representing a decrease of 0.02%. The firm increased its portfolio allocation in ACN by 9.40% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 16,406K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 16,137K shares , representing an increase of 1.64%. The firm increased its portfolio allocation in ACN by 9.00% over the last quarter.
Geode Capital Management holds 13,392K shares representing 2.14% ownership of the company. In its prior filing, the firm reported owning 13,613K shares , representing a decrease of 1.65%. The firm decreased its portfolio allocation in ACN by 44.65% over the last quarter.
Capital Research Global Investors holds 10,526K shares representing 1.68% ownership of the company. In its prior filing, the firm reported owning 9,632K shares , representing an increase of 8.50%. The firm increased its portfolio allocation in ACN by 20.60% over the last quarter.
Massachusetts Financial Services holds 10,413K shares representing 1.67% ownership of the company. In its prior filing, the firm reported owning 10,913K shares , representing a decrease of 4.80%. The firm decreased its portfolio allocation in ACN by 83.33% over the last quarter.
Accenture Background Information
(This description is provided by the company.)
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, it offers Strategy and Consulting, Interactive, Technology and Operations services - all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Its 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. It embraces the power of change to create value and shared success for its clients, people, shareholders, partners and communities.
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This story originally appeared on Fintel.
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