The latest rally in Accenture stock price was fueled by a 9% YoY revenue growth report, beating Wall Street estimates. Market watchers highlight the shift toward cloud and AI consulting as a core driver for the stock’s upward trajectory. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Enter your account data and we will send you a link to reset your password. Technical indicators like RSI at 64 suggest moderate bullishness but caution near overbought territory.
