Accenture: Calling It A Day Here (Downgrade)
ACNAccenture(ACN) Seeking Alpha·2024-06-10 22:59
Thomas Barwick/DigitalVision via Getty Images Investment Thesis Accenture plc (NYSE:ACN) specializes in consulting services. And its stock is priced at 20x forward free cash flow. A multiple that is expensive for what Accenture offers investors. And to compound matters, the problem with paying this sort of high multiple for its stock, is that investors expect (or they demand?) that Accenture not only meets and beats its guidance but that Accenture should raise its revenue growth rates. What investors tr ...