Accenture price target lowered to $355 from $380 at Stifel

Stifel analyst David Grossman lowered the firm’s price target on Accenture (ACN) to $355 from $380 and keeps a Buy rating on the shares. Accenture reported a modest revenue beat for Q2 and EPS in-line with estimates, and raised the low-end of revenue guidance for fiscal 2025, the analyst tells investors in a research note. Management highlighted incremental uncertainty over past few weeks that could impact demand, and the overall report was consistent with the firm’s comments four weeks ago. The firm sees an attractive entry point despite near-term uncertainty and choppiness.