Accenture plc (ACN) Stock Attractive Again After Pullback Amid New CCO Announcement

Accenture plc (NYSE:ACN) is one of the 11 best 52-week low technology stocks to buy now. On February 11, Accenture plc (NYSE:ACN) announced Rachel Frey as its new Chief Communications Officer (CCO). This is a newly created role with Frey reporting directly to CEO Julie Sweet. She was previously the head of Corporate Communications. In her new role, she will work on global media relations, public affairs communications, crisis management, and internal communications, among other responsibilities.

The stock’s nearly 20% downfall in the last month hasn’t gone unnoticed. Baird commented on this on February 3, calling ACN one of the more diversified companies with limited reliance on any single offering. This makes the stock attractive on this pullback, according to the financial services firm. The pullback now means the median analyst price target of $301 for the stock, based on 30 analyst ratings, offers a 40.03% upside. The stock is currently trading just above the lowest Wall Street target price of $210.

Accenture plc (NYSE:ACN) helps global businesses and organizations optimize operations, increase revenue, and deliver similar services that create value at scale. It serves three main geographies: North America, EMEA, and Growth Markets. The firm is headquartered in Dublin, Ireland.

While we acknowledge the potential of ACN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.