13 Best Global Stocks to Buy Right Now

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11. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 69

Accenture plc (NYSE:ACN) is among the 13 Best Global Stocks to Buy Right Now. On July 17, Evercore ISI Group initiated coverage of the stock with an Outperform rating and announced a price target of $330 for its shares.

The firm said that IT companies are playing a critical role as businesses adopt artificial intelligence. In a note to investors, Evercore analysts, led by Amit Daryanani, stated the following:

“As enterprises dive further into AI transformation, we see IT services firms playing a pivotal role in navigating customers through their AI journeys, which could create growth tailwinds for services firms akin to how public cloud adoption contributed to industry growth. IT Services firms help enterprises address ‘last mile’ challenges related to the deployment of AI including cloud/data infra modernization, and tailoring solutions to each organizations unique needs.”

Evercore analysts also highlighted Accenture plc (NYSE:ACN)’s market leadership, because of which the company is positioned to maintain mid to high single-digit sales. The price target of $330 represents a nearly 17% upside potential from the stock’s current trading value.

Accenture plc (NYSE:ACN) is a leading global professional services company that is helping businesses, governments, and organizations worldwide to develop their digital core, optimize operations, grow revenue, and enhance citizen services.

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