Guggenheim analyst Jonathan Lee CFA has reiterated their bullish stance on ACN stock, giving a Buy rating yesterday.
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Jonathan Lee CFA has given his Buy rating due to a combination of factors, despite some concerns about Accenture’s upcoming financial results. He acknowledges that the expectations for Accenture’s first quarter of fiscal year 2026 revenue growth might be overly optimistic, which could lead to a cautious investor reaction if the results fall short. However, he still maintains a positive outlook for the full fiscal year 2026, suggesting that the company’s overall performance could align with market expectations.
Furthermore, although the price target for Accenture has been adjusted downward from $335 to $305, this change is primarily attributed to broader market trends, such as peer multiple compression, rather than a reflection of Accenture’s intrinsic value. This indicates that Jonathan Lee sees potential for Accenture’s stock to perform well in the long term, justifying the Buy rating despite short-term challenges.
In another report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $315.00 price target.