According to Deutsche Bank, investors should consider putting their money in consulting stock Accenture, whose “best seed model” can weather market volatility. Analyst Bryan Keane raised his 2023 earnings estimate on Accenture to 8 cents a share after the company’s latest quarterly results showed strong revenue growth, adjusted earnings per share tickets and pre-order momentum. At the same time, Accenture said it plans to cut 19,000 roles over 18 months as it grapples with reduced spending on IT services and slashing revenue prospects. While the cuts could cost the company about $1.5 billion through 2024, these initiatives will help protect Accenture’s profit margin expansion and set up a “change of structural costs to create lasting value,” Keane wrote in a Thursday note to clients. ACN YTD mountain Accenture Stock in 2023 Deutsche Bank’s $292 price target implies a roughly 7% gain in the stock since Thursday’s close. Shares are up 1.8% in 2023, after falling nearly 36% in 2022. — CNBC’s Michael Bloom contributed reporting