Goldman Sachs and Stifel Cut Accenture (ACN) Targets Ahead of Earnings

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On June 3, Goldman Sachs lowered its terms proposal connected Accenture plc (NYSE:ACN) to $270 from $300. It reiterated a Buy standing connected the shares. In a probe note, the steadfast said increasing concerns astir the semipermanent interaction of artificial intelligence, on with continued geopolitical uncertainty, are weighing connected request crossed the IT services assemblage and putting unit connected valuations. The expert noted that these factors could impact Accenture’s near-term results and its fiscal 2026 outlook, contempt the company’s beardown backlog and wide visibility into lawsuit budgets.

Also connected June 3, Stifel expert David Grossman reduced his terms extremity connected Accenture to $270 from $315. He kept a Buy standing connected the stock. Ahead of the company’s fiscal third-quarter net report, scheduled for June 18 earlier the marketplace opens, Grossman said the steadfast expects concern conditions to stay stable. Even so, helium noted that the marketplace appears to beryllium “expecting less” heading into the results.

Accenture plc (NYSE:ACN) is simply a planetary nonrecreational services institution that provides services and solutions crossed strategy and consulting, technology, operations, Industry X, and Song.

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