Was Jim Cramer Right About Accenture plc (ACN)?

We recently published a list of Was Jim Cramer Right About These 12 Stocks? In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 16, a caller on the Mad Money show asked about Accenture plc (NYSE:ACN), which had dropped 20% post-earnings at the time. Cramer acknowledged the weak sentiment but suggested better options while still supporting Accenture:

“Boy, I’ll tell you — I saw the downgrade yesterday too, and I couldn’t believe all the way down here they downgraded. And I was thinking maybe it’s Kindryl picking up the slack, maybe it’s IBM. But I’m with you — I think Accenture’s too low. But Professor, I think SAP is better. And I like ServiceNow more too.”

Although the stock did climb initially, it fell back down to what it was back then, overall up 3.15% since.

A team of data experts gathered around a computer monitor analyzing customer data.

Accenture plc (NYSE:ACN) is trying to rediscover its AI positioning but has struggled to regain sustained investor enthusiasm since its correction. Cramer refrained from recommending it lately. When asked about it in April, Cramer said this:

“Accenture got, apparently, the way that people are looking at Accenture is that Accenture’s being hurt by the DOGE crowd, and if that’s the case, you can’t go against DOGE. It’s, I’ll tell you the truth, it’s better to buy Palantir.”

Overall, ACN ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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