On June 30, Accenture declined 3.16% in regular trading, trading at approximately $125.08/share with turnover of $6.57 billion, continuing the weak pattern established after its fiscal Q3 earnings release on June 18.
The stock remains under sustained selling pressure as multiple investment banks have aggressively cut their price targets in the wake of disappointing guidance. BNP Paribas lowered its target from $180 to $130, Morgan Stanley reduced its target from $177 to $130 while maintaining an Equalweight rating, and TD Cowen slashed its target from $258 to $150 while downgrading the stock to Hold. DA Davidson also cut from $275 to $175.
The earnings report showed fiscal Q3 EPS of $3.80 beating the $3.69 estimate, but revenue of $18.7 billion missed the $18.745 billion consensus. The company lowered the high end of its FY2026 revenue growth guidance to 3%-4% from 3%-5%, citing Middle East geopolitical disruptions and project timing delays. Bookings declined to $19.3 billion from $19.7 billion year-over-year, while concerns over AI disruption to the traditional consulting business model have further eroded investor confidence.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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