Accenture Names Rachel Frey as CCO; Shares Down 20% Suggest 40% Upside
Accenture appointed Rachel Frey as its first Chief Communications Officer reporting directly to CEO Julie Sweet, overseeing global media relations, public affairs, crisis management and internal communications. The stock has declined nearly 20% over the last month, making the $301 median analyst price target imply about 40% upside.
1. New Chief Communications Officer Role
On February 11, Accenture appointed Rachel Frey as its first Chief Communications Officer, a newly created role reporting directly to CEO Julie Sweet. In this capacity, Frey will oversee global media relations, public affairs communications, crisis management and internal communications.
2. Stock Pullback and Analyst Targets
Accenture shares have declined nearly 20% over the past month, positioning the company well below the median analyst price target of $301 based on 30 ratings. This pullback suggests approximately 40% upside relative to current valuations, with the lowest Wall Street target at $210.