Analyst Bryan Bergin of TD Cowen maintained a Buy rating on Accenture, reducing the price target to $313.00.
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Bryan Bergin has given his Buy rating due to a combination of factors influencing Accenture’s stock. Despite the need for trimming FY26 consensus estimates, Bergin believes that the current market pressure on Accenture’s shares is excessive. The company’s valuation is trending significantly below its three-year average, which presents a potential buying opportunity.
Bergin acknowledges the challenges, such as the Federal practice pressure and DOGE-related headwinds, but also highlights positive aspects like the recent uptick in M&A activity and favorable foreign exchange conditions. These factors could contribute to a more optimistic outlook for FY26. While the sentiment in the services sector remains subdued, Bergin’s analysis suggests that the market’s reaction may be overblown, warranting a Buy rating.
In another report released on September 3, Goldman Sachs also maintained a Buy rating on the stock with a $370.00 price target.