Goldman Sachs and Stifel Cut Accenture (ACN) Targets Ahead of Earnings
Key takeaways
- Goldman Sachs and Stifel Cut Accenture (ACN) Targets Ahead of Earnings Vardah Gill Thu, June 4, 2026 at 9:53 PM GMT+7 2 min read ACN Accenture plc (NYSE:ACN) is included among the 10 No-Brainer Dividend Stocks to Buy.
- On June 3, Goldman Sachs lowered its price recommendation on Accenture plc (NYSE:ACN) to $270 from $300.
- Also on June 3, Stifel analyst David Grossman reduced his price goal on Accenture to $270 from $315.
Goldman Sachs and Stifel Cut Accenture (ACN) Targets Ahead of Earnings Vardah Gill Thu, June 4, 2026 at 9:53 PM GMT+7 2 min read ACN Accenture plc (NYSE:ACN) is included among the 10 No-Brainer Dividend Stocks to Buy.
On June 3, Goldman Sachs lowered its price recommendation on Accenture plc (NYSE:ACN) to $270 from $300. It reiterated a Buy rating on the shares. In a research note, the firm said growing concerns around the long-term impact of artificial intelligence, along with continued geopolitical uncertainty, are weighing on demand across the IT services sector and putting pressure on valuations. The analyst noted that these factors could affect Accenture’s near-term results and its fiscal 2026 outlook, despite the company’s strong backlog and clear visibility into client budgets.
Also on June 3, Stifel analyst David Grossman reduced his price goal on Accenture to $270 from $315. He kept a Buy rating on the stock. Ahead of the company’s fiscal third-quarter earnings report, scheduled for June 18 before the market opens, Grossman said the firm expects business conditions to remain stable. Even so, he noted that the market appears to be “expecting less” heading into the results.