Guggenheim Reiterates Buy Rating for Accenture with $185 Target
Guggenheim maintains its buy stance on Accenture, setting a $185 price target, a 43.31% upside from the current price.
Key Points
- Guggenheim reiterated its buy rating on Accenture plc (NYSE:ACN) with a $185 price target on June 22, 2026.
- Guggenheim's $185 price target implies 43.31% upside from Accenture plc's ($ACN) current $129.09 share price.
- Accenture's stock traded at $128.99 on Monday, with a 52-week range of $125.6 to $307.77 and a market cap of $78.3 billion.
- Recent insider buys include CEO Julie Spellman Sweet purchasing 216 shares on June 5, 2026, at $179.76 per share.
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Guggenheim reiterated its buy rating on Accenture plc (NYSE:ACN) with a price target of $185. Analyst Jonathan Lee confirmed the rating on June 22, 2026. Accenture's shares traded at $128.99 on Monday.
Other Institutional Activity in Accenture
Several institutional investors have adjusted their positions in Accenture. BlackRock, Inc. increased its holdings by 1,069,810 shares, bringing its total to 57,140,737 shares, valued at approximately $11.33 billion. Vanguard Capital Management LLC opened a new position with 39,983,869 shares worth about $7.93 billion. State Street Corp added 546,156 shares, ending with 28,810,831 shares valued at $5.71 billion. Charles Schwab Investment Management Inc significantly boosted its holdings by 14,072,672 shares, a 259.3% increase, totaling 19,500,578 shares valued at $3.87 billion.
Accenture plc Stock Down 31.9%
Shares of NYSE:ACN traded near $128.99 on Monday. Accenture plc has a market cap of $78.3 billion and a P/E ratio of 10.22. The stock has seen a 52-week low of $125.6 and a high of $307.77. Its 50-day moving average is $177.80, and the 200-day moving average is $226.11. Accenture maintains a current ratio of 1.34 and a quick ratio of 1.21, with a debt-to-equity ratio of 25.04.
$ACN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings report, Accenture reported revenue of $73.1 billion, reflecting a growth rate of 5.6%. The company achieved an EPS of $12.52, with a net margin of 10.66% and a return on equity of 24.41%. The next earnings report is scheduled for September 24, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts cut price targets. 0 raised targets after the report.
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EPS & revenue
EPS beat estimates by 1.4%. Revenue missed estimates by 1.1%.
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Profit surprise
EBITDA came in 17% below estimates. Operating income met estimates.
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Pre-earnings setup
Expectations were about average going in.
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Analyst signal
2 analyst downgrades after the report. 8 price target cuts after the report.
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Earnings quality
Free cash flow was positive.
Earnings Call Summary
Accenture delivered a strong quarter with $18.7 billion in revenue, up four percent year over year, and record bookings of $22.1 billion. The company now has 85,000 artificial intelligence and data professionals, exceeding its goal. Management highlighted major demand from clients across artificial intelligence transformation, cybersecurity, and core business process modernization, with significant momentum in large enterprise programs and growing opportunities in emerging markets.
Guidance Accenture raised full year guidance and now expects between $127.25 billion and $128.75 billion in revenue for fiscal 2026. They also increased earnings per share guidance to between $13.65 and $13.90. Management expects three percent to five percent revenue growth, with free cash flow expected to reach $10.8 billion to $11.5 billion, and plans to deploy about $5 billion in acquisitions.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Accenture offers an annual dividend rate of $6.52, yielding 5.09%. The dividend payout ratio stands at 50.88%.
Insider Buying and Selling at Accenture plc
There has been notable insider buying activity at Accenture. On June 5, 2026, several executives, including CEO Julie Spellman Sweet, purchased shares. Sweet bought 216 shares at an average price of $179.76. Other insiders, such as John Walsh, Joel Unruch, and Melissa Burgum, also made purchases on the same date.
Analysts Set New Price Targets
On June 22, 2026, Guggenheim maintained its buy rating with a $185 target. Morgan Stanley also maintained its hold rating with a $130 target on the same day. Earlier, on June 18, 2026, Evercore ISI Group kept its buy rating with a $180 target. Other recent ratings include JP Morgan's buy with a $201 target and TD Cowen's buy with a $258 target.
About Accenture
Accenture plc is a global professional services company providing a range of services in strategy, consulting, digital, technology, and operations. Headquartered in Dublin, Ireland, and led by CEO Julie T. Spellman Sweet, Accenture employs approximately 779,000 people. The company serves clients across various sectors, including communications, media, technology, financial services, health, and public service.
Bottom Line
Guggenheim's reiteration of its buy rating on Accenture with a $185 target reflects continued confidence in the company's prospects. Investors closely watch institutional moves and insider activities for insights into market sentiment. As always, 13F filings and analyst updates are backward-looking and may not reflect current positions or future performance.
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