---
title: "ASGN tumbles 35% after Truist cuts rating following Q1 miss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283844210.md"
description: "ASGN shares fell 35% premarket after Truist downgraded the stock from Buy to Hold, lowering the price target from $60 to $33. The downgrade follows a Q1 earnings miss, attributed to slower-than-expected enterprise IT project ramp-up, impacting gross and EBITDA margins. Analysts express concerns that AI may disrupt demand for high-margin software implementation and white-collar jobs, predicting a potential 15-25% downside in 2027 EBITDA if the transition to consulting proves disruptive."
datetime: "2026-04-23T13:32:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283844210.md)
  - [en](https://longbridge.com/en/news/283844210.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283844210.md)
---

# ASGN tumbles 35% after Truist cuts rating following Q1 miss


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