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Accenture price target lowered to $342 from $347 at TD Cowen

TD Cowen lowered the firm’s price target on Accenture (ACN) to $342 from $347 and keeps a Buy rating on the shares. The firm said the recent pressure on the shares appears to reflect light bookings and a 4Q DOGE headwind but with limited clarity into FY26. Cowen expects somewhat of a near-term stalemate around shares amid a tough backdrop to argue spending recovery, but think a needed clearing event forms with FY26 estimate moderation while the company executes well on controllable factors.

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