Latest news with #ACN
Yahoo
24-05-2025
- Business
- Yahoo
Jim Cramer Advises to 'Buy Accenture (ACN)'
We recently published a list of . In this article, we are going to take a look at where Accenture plc (NYSE:ACN)stands against other stocks that Jim Cramer discussed recently. Inquiring about Accenture plc (NYSE:ACN), a caller asked if the strategy of breaking the company up would be a good way forward. In response, Cramer said: 'No, don't need to do that. No, don't need to do that. Now, this stock went down because of DOGE. Now that Elon Musk is back to Tesla, I actually think you'd buy Accenture. I've been listening to Julie Sweet. I think she's smart as a whip, and Accenture may be a company that can really help a lot of companies right here.' A team of data experts gathered around a computer monitor analyzing customer data. Accenture (NYSE:ACN) is a professional services company focused on strategy, consulting, technology, and operations. The company provides offerings that include intelligent automation and application-based solutions. Madison Investments stated the following regarding Accenture plc (NYSE:ACN) in its Q1 2025 investor letter: 'Accenture plc (NYSE:ACN) shares were weak in the quarter due to possible contract cancelations from the U.S. Federal government. While some lost business does seem likely, Accenture's overall exposure to this end market is limited and the headwind appears manageable.' Overall, ACN ranks 4th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Accenture, Nvidia, and Dell Technologies Partner to Capitalize on Growing AI Demand
Accenture plc (NYSE:ACN), a leading provider of systems integration and application management solutions, has inked a strategic collaboration with Dell Technologies (NYSE:DELL) and Nvidia (NASDAQ:NVDA). On May 20, the company confirmed its partnership will result in an AI solution built on Dell Technologies infrastructure, featuring Nvidia's enterprise AI software. A business executive in a modern office looking over reports detailing artificial intelligence. The new AI solution is designed to enable organizations within regulated industries to capitalize on the emerging opportunities around agentic artificial intelligence. The strategic collaboration will also allow agentic AI capabilities on the deployment of Dell's high-performance and Nvidia-accelerated infrastructure. Organizations should be able to scale AI in private and on-premises environments rapidly. In addition, the AI-powered solution should allow customers to tailor their strategies and engineered architectures to meet diverse needs while ensuring accelerated digital transformation. Accenture has affirmed its status as a leading provider of AI solutions that enable clients to implement cutting-edge solutions by inking strategic partnerships with Nvidia and Dell Technologies. With operations in more than 120 countries, it should continue solidifying its status as a leader in professional services with the new AI solution. The company is also exploring and coming up with solutions in areas like cloud computing, data analytics, and cybersecurity as it looks to capitalize on the AI boom. While we acknowledge the potential of Accenture plc (NYSE:ACN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Jim Cramer Advises to 'Buy Accenture (ACN)'
We recently published a list of . In this article, we are going to take a look at where Accenture plc (NYSE:ACN)stands against other stocks that Jim Cramer discussed recently. Inquiring about Accenture plc (NYSE:ACN), a caller asked if the strategy of breaking the company up would be a good way forward. In response, Cramer said: 'No, don't need to do that. No, don't need to do that. Now, this stock went down because of DOGE. Now that Elon Musk is back to Tesla, I actually think you'd buy Accenture. I've been listening to Julie Sweet. I think she's smart as a whip, and Accenture may be a company that can really help a lot of companies right here.' A team of data experts gathered around a computer monitor analyzing customer data. Accenture (NYSE:ACN) is a professional services company focused on strategy, consulting, technology, and operations. The company provides offerings that include intelligent automation and application-based solutions. Madison Investments stated the following regarding Accenture plc (NYSE:ACN) in its Q1 2025 investor letter: 'Accenture plc (NYSE:ACN) shares were weak in the quarter due to possible contract cancelations from the U.S. Federal government. While some lost business does seem likely, Accenture's overall exposure to this end market is limited and the headwind appears manageable.' Overall, ACN ranks 4th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Accenture plc (ACN)?
We recently published a list of In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 16, a caller on the Mad Money show asked about Accenture plc (NYSE:ACN), which had dropped 20% post-earnings at the time. Cramer acknowledged the weak sentiment but suggested better options while still supporting Accenture: 'Boy, I'll tell you — I saw the downgrade yesterday too, and I couldn't believe all the way down here they downgraded. And I was thinking maybe it's Kindryl picking up the slack, maybe it's IBM. But I'm with you — I think Accenture's too low. But Professor, I think SAP is better. And I like ServiceNow more too.' Although the stock did climb initially, it fell back down to what it was back then, overall up 3.15% since. A team of data experts gathered around a computer monitor analyzing customer data. Accenture plc (NYSE:ACN) is trying to rediscover its AI positioning but has struggled to regain sustained investor enthusiasm since its correction. Cramer refrained from recommending it lately. When asked about it in April, Cramer said this: 'Accenture got, apparently, the way that people are looking at Accenture is that Accenture's being hurt by the DOGE crowd, and if that's the case, you can't go against DOGE. It's, I'll tell you the truth, it's better to buy Palantir.' Overall, ACN ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
21-05-2025
- Business
- Yahoo
Is It Worth Investing in Accenture (ACN) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Accenture (ACN). Accenture currently has an average brokerage recommendation (ABR) of 1.63, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.63 approximates between Strong Buy and Buy. Of the 24 recommendations that derive the current ABR, 16 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 66.7% and 4.2% of all recommendations. Check price target & stock forecast for Accenture here>>>While the ABR calls for buying Accenture, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. Looking at the earnings estimate revisions for Accenture, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $12.70. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Accenture. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Accenture. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
