Accenture price target lowered to $285 from $305 at Guggenheim

Guggenheim lowered the firm’s price target on Accenture (ACN) to $285 from $305 and keeps a Buy rating on the shares. While Accenture’s fiscal Q4 revenue growth came in toward the high end of its guidance range and management provided a FY26 outlook consistent with expectations, they “did little to assuage the prevailing investor bear thesis on the potential for ongoing margin challenges,” the analyst says. A restructuring in the quarter likely provides bears with tactical data points on a potential lack of durability in management’s profitability algorithm given ongoing gross margin challenges and the fact that this marks the company’s second restructuring in three years, the analyst added.