Goldman Sachs lowered the firm’s price target on Accenture (ACN) to $300 from $330 and keeps a Buy rating on the shares. The company delivered a solid quarter with a modest uptick to FY26 guidance while its gross margin trends have continued to improve following recent restructuring actions, the analyst tells investors in a research note. Investors had expected in-line results and guidance given the impact of higher macro uncertainty on corporate confidence over the past several months, the firm adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACN:
- Accenture price target raised to $282 from $275 at TD Cowen
- Accenture: Solid Execution, Strengthening AI Position, and Upgraded Outlook Underpin Buy Rating and $282 Target
- Accenture, Microsoft collaborate for agentic security in cyber defense
- Accenture price target lowered to $250 from $300 at Evercore ISI
- Midday Fly By: Micron reports Q2 beat, Uber invests in Rivian
