Accenture Poised for Modest Outperformance: Buy Rating Backed by Stable Demand and Strategic Initiatives
Bryan Bergin from TD Cowen maintains a Buy rating on Accenture, with a price target of $295. The rating is supported by stable demand, strategic initiatives, and minimal impact from challenges like the U.S. Federal government shutdown. Key positive factors include a strong Consulting book-to-bill ratio, gross margin stability, and scaling of GenAI activities. Despite some headwinds, these factors underpin the positive outlook for Accenture's stock.
Bryan Bergin, an analyst from TD Cowen, maintained the Buy rating on Accenture. The associated price target remains the same with $295.00.
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Bryan Bergin has given his Buy rating due to a combination of factors that suggest Accenture is poised for modest outperformance in the near term. The company is expected to maintain its messaging amidst a stable demand environment, with potential to raise the lower end of its fiscal year 2026 growth guidance. This is supported by the company’s ability to navigate challenges such as the U.S. Federal government shutdown, which is anticipated to have minimal impact on the overall business.
Bergin also highlights key areas of focus that contribute to the positive outlook, including the Consulting book-to-bill ratio, gross margin stability, and the scaling of GenAI activities. Additionally, Accenture’s partnership with OpenAI and progress in its restructuring program are seen as positive developments. Despite some headwinds, such as foreign exchange impacts and uncertainties in enterprise IT budgets, these factors collectively underpin the Buy rating for Accenture’s stock.
Bergin covers the Technology sector, focusing on stocks such as Accenture, Globant SA, and Block. According to TipRanks, Bergin has an average return of -1.8% and a 42.42% success rate on recommended stocks.
