Global professional services company Accenture (ACN) has disclosed its plans to acquire Brazil-based Experity. The terms of the deal have not been disclosed so far.
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Experity supports businesses in building greater efficiencies and agility in commerce, marketing, content and data through cloud-based technologies. (See Accenture stock chart on TipRanks)
After the completion of the deal, Experity’s team of approximately 454 people will join Accenture Interactive in Brazil. The company expects this deal to bolster its ability to deliver cloud-based customer experience solutions in the consumer goods and natural resources industry.
Accenture Interactive Lead for Latin America, Cristiano Dencker, said, “Experity will solidify and scale our market capabilities in driving experience-led transformation. The company will bring strong leadership and expertise with key ecosystem partners, which helps us continue to deliver exemplary services in commerce, marketing, content and data for clients in Latin America.”
On September 15, Robert W. Baird analyst David Koning maintained a Hold rating on Accenture and raised the price target to $350 from $298. The new price target implies 5.3% upside potential.
Consensus among analysts is a Strong Buy based on 16 Buys and 4 Holds. The average Accenture price target of $343.67 implies upside potential of 3.4% from current levels.
Accenture scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
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