Truist reduced ACN’s price target citing $100 million revenue headwinds from Middle East impact and broader macro uncertainty.
Truist cut its price target on Accenture (ACN) to $150 from $210 and maintained a Hold rating following the company’s fiscal Q3 earnings report. The firm cited a $100 million revenue headwind from the Middle East, expected to persist into fiscal Q4 and beyond, alongside broader pressures from geopolitical uncertainty and AI-driven revenue cannibalization.
Accenture’s Q3 results prompted a reduction in FY26 revenue guidance, with management attributing the adjustment to heightened macro uncertainty. The company had previously flagged challenges from pressured budgets and shifting demand dynamics. Susquehanna also lowered its price target on ACN to $140 from $186 the same day, maintaining a Neutral rating.
Accenture provides professional services in technology, cloud, and AI, operating across North America, EMEA, and Growth Markets. The firm’s segments include Strategy & Consulting, Technology, and Operations, among others.