Barron's Sees A Double In Accenture (ACN)

September 28, 2009 9:01 AM EDT

Barron's is calling Accenture (NYSE: ACN) a bargain in tech following Dell's (Nasdaq: DELL) recent deal to acquire Perot Systems (NYSE: PER) at a 68% premium.

The article notes that Accenture trades at just 13x estimated FY10 EPS, which is less than half what Dell is paying for Perot.

Bill Smead, founder of Seattle-based Smead Capital Managemen, thinks Accenture could be a $75 stock in three or four years, roughly double its current price.

Link to Barron's Article

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