2024-06-11 02:19:18 ET
Summary
- Accenture's stock has underperformed, down 18% YTD, but long-term prospects remain strong.
- Recent earnings results showed weakness, but the company's past track record and generative AI business are promising.
- The valuation is attractive, with potential for double-digit total returns and a growing dividend.
The market as a whole is enjoying a bull market move, as the S&P 500 Index has a total return of more than 25% over the last year, there remain many names that have underperformed.
One such name is professional services company Accenture plc ( ACN ), which is down almost 18% year-to-date. Recent quarterly results left the market wanting, but there is still much to like about the stock long-term, including its past track record, generative AI business, and valuation....
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For further details see:
Why The Opportunistic Investor Should Invest In Accenture