Is Accenture Stock Still A Good Buy After Gaining 58% In 2021?

WAN CHAI, Hong Kong - Feb. 8, 2022 - PRLog -- Is it still worthwhile to purchase ACN stock now despite the firm's 58% price increase last year and given the world's continued fast digitalization? Let's discuss this further.

Accenture plc (ACN) is a multinational professional services firm focused on not just digital but also cloud and security. The Dublin, Ireland-based firm offers strategy and consultancy, interactive technology and operational services, combining unrivaled expertise and specialized capabilities across more than 40 sectors. The confluence of cutting-edge technologies such as 5G, cloud and next-generation IoT is transforming how businesses function in every industry. This has provided ACN with a new potential for creative services and new revenue streams.

The stock has risen 41.3% in the last nine months and 22.2% in the last three months, closing at $397.18 in yesterday's trading session. Now, given ANC's vast global reach, the stock might still have a lot of room for growth.

ACN purchased Zestgroup last month, a services firm specializing in energy transitions, net-zero projects and renewables procurement. To help businesses move to net-zero energy, Zestgroup combines significant industry expertise, project capabilities and market regulatory experience. These skills should help ACN develop more dependable, circular and net-zero value chains while benefiting all stakeholders socially and economically. Earlier this month, ACN also announced its desire to buy AFD.TECH, an independent network services provider specializing in network engineering, operations and business services. As a result of this purchase, ACN's worldwide workforce would gain more than 1,600 highly qualified employees with broad skills in engineering, design, implementation and operation of next-generation networks, including 5G and fiber.

11 Wall Street analysts gave ACN a Buy rating, while five gave it a Hold rating. The 12-month median price objective of $437.69 shows a potential upside of 10.2%. The price objectives range from a low of $397.00 to a high of $475.00.

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