JPMorgan Cuts PT on Accenture (ACN) – Here’s Why

JPMorgan Cuts PT on Accenture (ACN) – Here’s Why Noor Ul Ain Rehman Wed, June 24, 2026 at 7:15 PM GMT+7 2 min read ACN JPM Accenture plc (NYSE:ACN) is one of the top high-conviction stocks to buy according to hedge funds. JPMorgan cut the price target on Accenture plc (NYSE:ACN) to $201 from $247 on June 8 and reiterated an Overweight rating on the shares. The rating update came as part of a fiscal Q3 report preview, with the firm trimming the company’s estimates to be closer to the midpoint of its guidance.

Accenture plc (NYSE:ACN) also received a rating update from Berenberg on June 17, with the firm cutting the price target on the stock to $220 from $273 while maintaining a Buy rating on the shares. Berenberg stated that the IT services sector has underperformed the market with structural AI concerns driving an “indiscriminate de-rating.” The firm stated that it sees “limited scope” for a near-term sector re-rating, but added that it views Accenture plc (NYSE:ACN) as best positioned to monetize emerging AI value pools.

Accenture plc (NYSE:ACN) is a global professional services company that combines technology and leadership in data, cloud, and AI with functional expertise, industry experience, and global delivery capability. The company’s services include Strategy & Consulting, Technology, Operations, Industry X, and Song, and its operations are divided into the following geographical segments: North America, EMEA, and Growth Markets.