New Buy Rating for Accenture (ACN), the Technology Giant
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According to TipRanks, Grossman is a 4-star analyst with an average return of 8.1% and a 56.94% success rate. Grossman covers the Technology sector, focusing on stocks such as Accenture, Epam Systems, and Infosys.
In addition to Stifel Nicolaus, Accenture also received a Buy from UBS's Kevin Mcveigh in a report issued on July 2. However, on July 7, Jefferies maintained a Hold rating on Accenture (NYSE: ACN).
Based on Accenture's latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $17.73 billion and a net profit of $2.2 billion. In comparison, last year the company earned a revenue of $16.47 billion and had a net profit of $1.93 billion
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