Why Accenture Stock Soared on Thursday

Accenture stock surged 22.2% after beating earnings expectations with $3.29 EPS on $18.7B in quarterly revenue. The consulting giant reported 6% YoY revenue growth and significant margin expansion, with Q4 profits jumping 46%. However, the analyst suggests the stock may now be overvalued at 15.5x forward earnings, preferring an entry point closer to 12x earnings.