Accenture Plc (NYSE:ACN) shares are trading higher Monday after the company announced a collaboration with OpenAI to equip professionals with ChatGPT Enterprise.
- ACN shares are climbing with conviction. Check the full analysis here.
What To Know: Accenture said it will roll out ChatGPT Enterprise to tens of thousands of its employees as part of a broader plan to integrate agentic AI systems across consulting, operations and delivery work. The company also plans to create what it calls the largest group of professionals upskilled through OpenAI Certifications.
As part of the collaboration, OpenAI will be one of Accenture's primary AI partners for its next generation of AI-powered services. The two companies are launching a flagship AI program designed to help enterprise clients adopt OpenAI products in real business workflows, turning legacy processes into AI-powered systems across sectors such as financial services, healthcare, the public sector and retail.
Accenture said its teams will use OpenAI's AgentKit to help clients design, test and deploy custom AI agents aimed at automating workflows and supporting key functions, including customer service, supply chain, finance and HR.
The company also noted it is helping OpenAI scale its own operations globally by integrating OpenAI's technologies into front- and back-office functions.
ACN Analysis: Accenture is currently trading approximately 5.4% above its 50-day moving average, indicating a strong short-term bullish trend. However, it remains about 9.1% below its 200-day moving average, suggesting that while the stock is experiencing short-term strength, it may still face challenges in establishing a longer-term upward trajectory.
The stock’s 52-week range of $229.40 to $398.35 highlights significant volatility, with the current price sitting closer to the lower end of this range. This could imply that there is room for growth if the stock can break through key resistance levels, particularly the psychological barrier around $260.
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ACN Price Action: At the time of writing, Accenture shares are trading 3.50% higher at $258.60, according to data from Benzinga Pro.
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