Accenture plc (ACN) Reiterated at Buy by Stifel as In-Line Q4 Results Expected
Stifel analyst David Grossmam reiterated a Buy rating and $225.00 price target on Accenture plc (NYSE: ACN).
The analyst commented, "Expect in-line F4Q (Aug)EOQ messaging (to us), implied midpoint revenue guide (+1% organic cc)Modest margin expansion. Stock likely trades on FY27 guide/F4Q bookings. Bookings Difficult to forecast, industry headwinds muting expectations.Consulting bookings growth-trend generally positive; +M-HSD growth would likely convey stability.Outsourcing bookings trend decelerating; +HSD y/ y growth stability threshold.FY27 (Aug) guide We model +1% FY27 cc organic revenue growth (F4Q26 exit-rate), below consensus +2% (assuming current spotrates).Revenue guide likely a range with consensus midpoint (+0-4%), though skepticism likely persists unless F4Q bookings/F1Q guide supports acceleration.Our bias lower-end of margin range (+10-30bp)Relative performance reflects oversold conditions following F3QACN +37% past 3-months (S&P500 equal-weight +2%)Now 11x FCF (w/SBC), a low-no growth multiple.Best to reassess post-quarterIndustry data-points remain challenged (lower expectations) and still view as longer-term AI beneficiary; however, stock re-rating increases riskInvestor day (10/14) helpful, but unlikely standalone catalyst."
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Shares of Accenture plc closed at $175.80 yesterday.