Stifel Nicolaus Reaffirms Their Buy Rating on Accenture

By Ryan Adsit

Stifel Nicolaus analyst David Grossman reiterated a Buy rating on Accenture (NYSE: ACN) on September 28 and set a price target of $150. The company’s shares closed on Friday at $135.07, close to its 52-week high of $138.70.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 16.3% and a 70.0% success rate. Grossman covers the Technology sector, focusing on stocks such as Automatic Data Processing, Bottomline Technologies, and DXC Technology Company.

Currently, the analyst consensus on Accenture is Moderate Buy and the average price target is $148.36, representing a 9.8% upside.

In a report issued on September 15, RBC Capital also reiterated a Buy rating on the stock with a $145 price target.

The company has a one year high of $138.70 and a one year low of $112.31. Currently, Accenture has an average volume of 1.89M.

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Accenture Plc is an investment holding company, which engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology, Financial Services, Health and Public Service, Products, Resources and Other.