Accenture Plc (ACN) has disclosed a new risk, in the Technology category.
Accenture Plc faces substantial risks as it integrates AI technologies into its operations and client services. The complexity and rapid advancement of AI may render Accenture’s investments in this area obsolete if it fails to maintain cutting-edge services, leading to a potential loss of its leadership position. The company must navigate a thicket of evolving regulations and potential ethical pitfalls associated with AI, which could result in significant legal and reputational consequences. Furthermore, the internal replacement of human-performed tasks with AI may decrease demand for Accenture’s services, affecting the utilization rate of its professionals and potentially undermining the company’s financial performance.
The average ACN stock price target is $378.25, implying 4.76% upside potential.
To learn more about Accenture Plc’s risk factors, click here.
