Analysts maintain a 12-month price target suggesting significant recovery despite recent forecast cuts and sector pressures.
Accenture plc (ACN) has fallen over 50% year-to-date and 34% since June, driven by margin concerns and a narrowed full-year revenue growth forecast of 3%–4% in local currency. The company previously guided for 3%–5% growth, but weaker AI spending and higher interest rates have weighed on performance.
Wall Street analysts still project a rebound, with an average 12-month price target indicating 45% upside from current levels. Morgan Stanley recently downgraded the stock to Equal Weight, slashing its target to $177 from $240, citing delayed AI spending benefits, tighter client budgets, and rising acquisition costs.
Accenture provides consulting and digital transformation services, including AI and cloud solutions, but near-term headwinds persist amid macroeconomic uncertainty.