Accenture Stock Pulls Back as Investors Book Profits
Accenture stock dips 5% as investors take profits following a 20% rally, while analysts weigh organic growth against a $5B M&A deployment strategy.
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A weak September payrolls print pared bets on more Fed tightening, lifting both the Nasdaq 100 and Nvidia stock to record highs.
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Accenture stock dips 5% as investors take profits following a 20% rally, while analysts weigh organic growth against a $5B M&A deployment strategy.
Goldman Sachs analyst James Schneider maintains Accenture (NYSE:ACN) with a Buy and raises the price target from $230 to $260.
Truist Securities analyst Arvind Ramnani maintains Accenture (NYSE:ACN) with a Hold and raises the price target from $150 to $220.
Friday's regular session has eight sectors higher and three lower, with growth sectors holding two of the top three positions. The leaders are clustered, with less than a quarter-point separating the top three sectors.