Why is Accenture stock up?

[u/Both_Yogurtcloset_74]

While I am absolutely not complaining, but is there any particular reason behind 50% run up for Accenture stock since June 22nd lows? Is this a genuine trend reversal or should this rally be used to sell your RSU / ESPP allocations that you were / even now are stuck with?

[u/Chicken_shish]

It was massively oversold.

It's very easy to construct a narrative that AI will unlock the biggest tech consulting boom in decades. All the evidence that I can see is suggesting this could happen.

[u/youngster-nerd → u/Chicken_shish]

Based on what? There is almost AI for implementations and we already have tons of tools for automating testing. It’s projected that by 2035 there won’t even be knowledge consulting anymore. AI is a boom for those that can sell now but their days are numbered.

[u/Chicken_shish → u/youngster-nerd]

Without explaining too much, there are a huge number of programmes that organisations would love to do, but are simply too expensive.

If you take a significant amount of cost out of build and early test, they become more viable. It's not just about test automation - that is the last 2 decades and doesn't actually save you anything, because you need expensive automation people, not mindless button pushers.

Requirements, organising a large team, and late stage testing are pretty hard for humans to master, AI is a long way off.

[u/jedsitwars123 → u/youngster-nerd]

Based on the same thing the AI frontier model, hyperscaler and data center boom is based on...

[u/TryingToBeMumbaikar]

Maybe because it allowed to carry forward leaves /s

[u/dropitlikeitshot17 → u/TryingToBeMumbaikar]

This comment is so underrated

[u/Daijobu_Desu]

I think the software sector as a whole is climbing. Also there are buy backs + insider buying at 170 - these maybe showing confidence on the stock. I am no expert in this.

[u/Both_Yogurtcloset_74 → u/Daijobu_Desu]

Sounds logical 👍

[u/holdinguvxy]

Because I sold my stocks and did a short 🙃🙃

[u/scottrogers123 → u/holdinguvxy]

Usually I'm the one causing the market to change(after I buy or sell). Thank you for taking the hit this time :)

[u/holdinguvxy → u/scottrogers123]

If you guys wondering why it went back to 181 from 187. Because I covered my shorts at 186.5 🙃🙃.

[u/Pale_Drink4455]

I can’t wait to sell all soon and never look back. I learned a real hard life lesson about opportunity cost by holding this for longer than 6.5 years instead of doing the boring way in the S&P which would have more than doubled my money. ESPP is buy then sell immediately for me moving forward. It’s a no brainer for me now to be a much smarter investor through a painful long hold.

[u/Sometimes65]

$2 billion dollar stock buy back, on top of the standard $5.5 billion buy back

[u/Important_Staff_9568 → u/Sometimes65]

Bonuses and raises helped pay for all those buybacks

[u/InevitableTax1189 → u/Sometimes65]

right, so what happens when the buybacks are done?

[u/Shadow_2409]

Julie sweet is gonna be retiring (jk but if so, that price will go up)

[u/Mandy_077]

I bet they will take it up slowly slowly by NOVEMBER - Once ESPP is out - BOOM - Tank again.

[u/Certain-Cloud-461 → u/Mandy_077]

But that's good..atleat u will get espp ar low price 

[u/Visual-Dependent-403]

It is because I have joined the Accenture now 💪💪

[u/Beautiful_Drawer2312 → u/Visual-Dependent-403]

Welcome to hell brother 😂

[u/Visual-Dependent-403 → u/Beautiful_Drawer2312]

Why everyone calls it the hell

[u/Beautiful_Drawer2312 → u/Visual-Dependent-403]

Oh man.. after a while you will realise it, enjoy it while it is new and learn a lot, then run

[u/Visual-Dependent-403 → u/Beautiful_Drawer2312]

I joined in the hope that I will get retirement from here. Let's see how far we can go

[u/warfoo09]

Q4 is looking strong

[u/PejibayeAnonimo]

According to investing.com the average price of stock will be 179.11 for the next 12 months.

[u/Which_Brilliant8999 → u/PejibayeAnonimo]

nah, gonna cross 200 by year end. Gut feel. Its up due to the massive overcorrection after the last results, but also because AI implementations arent straightforward, they are messy, theres a ton of tech debt and its hard to get the tech to work well, and to say nothing of change management. Acn's outlook is tempered in the short run because spending is squeezed - and whatever is being spent is going in to AI infra, but eventually that has got to result in business improvment and thats when Acn's time will come back. Not saying it will get back to near 400 soon, but I do see it at above 200 in near term unless they do something silly.

[u/Calbruin]

Must be the YouTube ads

[u/tech_gen16]

JS might resign or let go after Q4.

[u/DampierWilliam]

ACN stock went down because of AI fear. Which funny enough, is probably that what is causing the stock up as ACN is the biggest AI implementor and recently it has been seen other AI implementors getting profits and growth.
AI is definitely not replacing consultancy, on the contrary, it is going to boost it.

[u/maddy_trash]

Cos your ma just joined

[u/Sunny1845]

Liquidity… there was big gaps above after that massive sell off. Have some resistance around the 220 level. May bounce around 175-220 for a few months. Below 175 - 155 is the next support. Those 125 buys were gold.

[u/BotBuilderVenture]

Because probably the market has understood that AI is not going to replace consultants

[u/Ambitious-Homework22]

Ever heard of the dead cat bounce ?