Acn stock price forecast benefits from sector-wide IT spending

ACN stock price forecast benefits from sector-wide IT spending uptick. Market data from Gartner estimates 2024 IT consulting spending to rise 5.8%, giving Accenture strategic edge. Price targets from Goldman Sachs sit at $340, in line with growth narratives. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. On Apr. 16, Piper Sandler Companies ( PIPR ) analyst Arvind Ramnani maintained Accenture with a “Buy” rating , and adjusted the target price from $364 to $355. ACN stock price forecast remains bullish among Wall Street’s large-cap tech service sector. Near-term catalysts include enterprise AI adoption rates and global consulting market expansion. JPMorgan projects FY2024 revenue growth of 4.5%, sustaining cash flow strength and shareholder returns.