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Accenture is Yahoo Finance Premium’s investment idea of the day

Yahoo Finance’s Alexis Christoforous and Jared Blikre discuss Yahoo Finance Premium’s investment idea of the day.

Video Transcript

ALEXIS CHRISTOFOROUS: All right, and finally, Yahoo Finance Premium Investment Idea of the Day on this Friday belongs to Accenture. I know they were out with earnings yesterday. Why did this make the list though, Jared?

JARED BLIKRE: I'll tell you about it. Argus Research is making a fundamental call here. And here's some of their reasoning, looking at a long term price target of 300 after those earnings, reiterating their buy, and also because raising guidance always looks good after a strong quarter. I'm going to skip through the nitty gritty here, just go to the conclusion.

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"Management has raised its full year '21 guidance for sales, margins, and both GAAP and adjusted earnings. Amid unprecedented turbulence in markets and stocks, Accenture appears to have the financial resources, customer presence, and the market strength to ride out the storm." Again, that price target is 300, somewhere up there.

ALEXIS CHRISTOFOROUS: All right, thanks so much, Jared.