Analyst Bryan Bergin of TD Cowen maintained a Buy rating on Accenture (ACN – Research Report), reducing the price target to $394.00.
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Bryan Bergin has given his Buy rating due to a combination of factors that suggest Accenture’s performance will remain strong despite some market uncertainties. He anticipates that Accenture’s second-quarter results will surpass market expectations, which could lead to slight increases in revenue and EPS growth projections for the fiscal year 2025. Although there is some concern over policy changes under the Trump administration, Bergin believes these will not significantly impact Accenture’s growth in the near term.
Bergin also notes that while there is elevated fear in the market, particularly in the Services sector, Accenture’s shares are currently undervalued, trading at a discount compared to their five-year average. He acknowledges some risks related to foreign exchange and potential policy impacts in fiscal year 2026, but he views these as manageable. The stable outlook and strong bookings are expected to provide some relief to investors, supporting his Buy rating for the stock.
In another report released on March 10, Barclays also maintained a Buy rating on the stock with a $415.00 price target.