TD Cowen Downgrades Accenture to Hold, Sets $150 Price Target
TD Cowen has lowered its rating on Accenture to hold, with a new price target of $150, a 16.20% upside from the current price.
Key Points
- TD Cowen downgraded Accenture to a hold rating with a $150 price target on June 22, 2026.
- TD Cowen's $150 price target implies 16.20% upside from Accenture plc's ($ACN) current $129.09 share price.
- Accenture shares traded near $128.99 on Monday with a market cap of $78.3 billion and a P/E ratio of 10.2.
- Insiders, including the CEO, bought shares in early June; analysts have varying targets, with a mean of $197.65.
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TD Cowen has lowered its rating on Accenture plc (NYSE:ACN) to a hold, setting a new price target of $150. This change, announced on June 22, 2026, reflects a more cautious outlook on the company's stock performance.
TD Cowen vs. the S&P 500
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Accenture plc Stock Down 31.9%
Shares of NYSE:ACN traded near $128.99 on Monday. Accenture, a leader in technology and consulting services, has a market cap of about $78.3 billion. The company's P/E ratio stands at 10.2, while the forward P/E is 8.7. The stock has seen a 52-week low of $125.60 and a high of $307.77, with a 50-day moving average of $177.80 and a 200-day moving average of $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
Accenture reported revenues of $73.1 billion, showing a growth 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%. Investors are looking forward to the next earnings release, expected on 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 a dividend rate of $6.52 per share, yielding 5.09%. The payout ratio sits at 50.88%, providing a steady income stream for investors.
Insider Buying and Selling at Accenture plc
Several insiders, including CEO Julie Spellman Sweet, made purchases on June 5, 2026. Sweet bought 216 shares at an average price of $179.76. Other executives, such as Chief Accounting Officer Melissa Burgum and Chief Leadership & HR Officer Katherine Lee Clifford, also acquired shares at the same price point.
Analysts Set New Price Targets
On June 22, 2026, TD Cowen downgraded Accenture to hold with a $150 price target. Other analysts maintained varying ratings: Susquehanna held steady at hold with a $140 target, while RBC Capital and Guggenheim maintained buy ratings with targets of $175 and $185, respectively. The consensus recommendation is a buy, with a mean price target of $197.65 among 25 analysts.
About Accenture
Accenture plc, headquartered in Dublin, Ireland, is a global leader in technology and consulting services. The company provides a wide range of services, including strategy and consulting, digital transformation, and technology operations. Under the leadership of CEO Julie Spellman Sweet, Accenture serves diverse industries such as communications, media, financial services, healthcare, and consumer goods. With a workforce of 779,000 employees, Accenture continues to drive innovation and growth in the technology sector.
Bottom Line
TD Cowen's recent downgrade reflects a more cautious stance on Accenture's stock, setting a new price target of $150. While the stock has experienced volatility, Accenture remains a significant player in the tech consulting industry. Investors should note that analyst ratings and price targets can vary, and it's crucial to consider these factors alongside other financial metrics.
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