High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
IBM just suffered its worst single-week collapse since 1968, yet one prominent analyst refuses to budge from a price target that implies more than 60% upside. What he sees in the wreckage that the sellers are missing could reshape the entire enterprise AI trade.
Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.
ServiceNow Inc. (NYSE:NOW) is one of the 10 Best SaaS Stocks to Buy According to Reddit. On July 1, TheFly reported that Guggenheim upgraded its rating on ServiceNow to Buy from Neutral with a price target of $125. The analyst highlighted that at its current share price, the stock offers an attractive opportunity for investors […]
With an annual dividend yield of 5.13%, Accenture plc (NYSE:ACN) is included among the 12 Best S&P 500 Stocks to Buy for Dividends. Accenture plc (NYSE:ACN) provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. On June 21, JPMorgan lowered its […]
Investing.com -- TD Cowen downgraded shares of Accenture to Hold from Buy and slashed its price target to $150 from $258, arguing that a near-term recovery has become increasingly difficult as growth expectations weaken and investor sentiment toward the consulting giant deteriorates.
Accenture stock tumbled amid fiscal Q3 earnings that topped estimates while revenue missed. The company lowered its full-year sales outlook.
Investing.com -- Artificial intelligence-driven disruption is increasing pressure on the IT services industry, prompting Berenberg to turn more cautious on the sector as concerns grow over AI-led pricing deflation, uncertain value capture and a lack of near-term catalysts for a valuation recovery.
Accenture plc (NYSE:ACN) is one of the best tech stocks to invest in on the dip. On June 8, JPMorgan analyst Tien Tsin Huang cut his price target on Accenture plc (NYSE:ACN) from $247 to $201, while holding on to an Overweight rating. Huang said his firm decided to move its estimates away from the […]
Investing.com -- Morgan Stanley downgraded Accenture to Equal-weight from Overweight and slashed its price target to $177 from $240, arguing that the anticipated boost to IT services spending from artificial intelligence investments has yet to materialize as enterprises continue to prioritize AI projects over traditional discretionary technology spending.
With a TTM operating cash flow of $13.08 billion, Accenture plc (NYSE:ACN) is included among the 12 Cash-Rich Stocks to Buy Right Now. On June 8, TD Cowen lowered its price recommendation on Accenture plc (NYSE:ACN) to $258 from $282. It reiterated a Buy rating on the stock. The firm said both Accenture and the broader services […]
Accenture Plc (NYSE:ACN) is one of the best debt-free IT stocks to buy now. On June 1, Truist Securities downgraded Accenture Plc (NYSE:ACN) to a Hold with a $210 price target. The downgrade came amid concerns the company could struggle amid constrained budgets in the sector. In addition, Truist Securities remains wary of competition from […]
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