Merrill Lynch analyst Jason Kupferberg maintained a Hold rating on Accenture (NYSE: ACN) today and set a price target of $175. The company’s shares opened today at $173.06, close to its 52-week high of $175.64.
According to TipRanks.com, Kupferberg is a top 100 analyst with an average return of 17.2% and a 70.8% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Epam Systems Inc, Paypal Holdings, and Cognizant.
Accenture has an analyst consensus of Moderate Buy, with a price target consensus of $175.73, which is a 1.5% upside from current levels. In a report issued on September 18, Citigroup also maintained a Hold rating on the stock with a $172 price target.
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Based on Accenture’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $1.04 billion. In comparison, last year the company had a net profit of $932 million.
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