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Analysts Foresee Double-Digit Upside for Accenture Stock Ahead of Q3 Earnings
Analysts Foresee Double-Digit Upside for Accenture Stock Ahead of Q3 Earnings
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Accenture (ACN) shares have declined more than 10% over the past year amid concerns about government contract reductions and macroeconomic pressures on client budgets. Despite this, J.P. Morgan's Tien Tsin Huang maintains optimism, raising his price target to $353—implying 13% upside potential—ahead of the company's June 20 earnings release.
Consensus estimates project Q3 FY2025 earnings of $3.32 per share, a 6% year-over-year increase, with revenue expected to climb 5% to $17.32 billion. Currency tailwinds may provide additional lift to profitability, though investors remain watchful for signs of sustained demand in the professional services sector.
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