BMO Capital analyst Keith Bachman has maintained their neutral stance on ACN stock, giving a Hold rating on September 18.
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Keith Bachman has given his Hold rating due to a combination of factors impacting Accenture’s performance and outlook. Despite Accenture reporting solid bookings growth and meeting revenue expectations, the overall sentiment in the IT services sector remains negative. Concerns about potential headwinds from generative AI and a tepid IT services spending environment are contributing to a cautious outlook.
Furthermore, Accenture’s revenue guidance for FY26, while reasonable, suggests limited organic growth and potential challenges in the federal business segment. Although Accenture’s execution is considered best-in-class, the valuation appears full relative to its growth prospects, leading to a Market Perform rating.
In another report released on September 18, Susquehanna also maintained a Hold rating on the stock with a $270.00 price target.