Piper Sandler chief market technician Craig Johnson sees the stock climbing to about $379 per share, suggesting 16.2% upside from Tuesday's close.
Piper Sandler thinks consulting giant Accenture could come out on top as an artificial intelligence play. Craig Johnson, the firm's chief market technician, sees the stock climbing to about $379 per share, which implies shares could gain 16% from Wednesday's close. Accenture — which has soared 22.3% this year, outperforming the S & P 500 — hasn't traded at $379 per share since early 2022.
ACN YTD mountain 2022-01-03 ACN since early 2022 Accenture announced in mid-June that it will invest $3 billion over the next three years in its data and AI practice, in efforts to assist company clients across all industries in leveraging AI. The company also said it plans to double its AI talent to 80,000 employees through hiring, acquisitions and training. Johnson also mentioned oilfield services company Baker Hughes and engineering and construction firm Fluor as stocks with potential upside.
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