Accenture 3Q Preview Macro Headwinds Pressure FY26 Guidance

Goldman Sachs maintains a Buy rating on Accenture but reduces the price target to $270 ahead of its 3Q earnings. Analysts expect macro headwinds to force a narrowing of FY26 revenue guidance to 3-4% CC.

Key Takeaways

• 1.Macro headwinds and geopolitical disruption in April/May are expected to result in a narrowed FY26 revenue guidance of 3%-4% in constant currency.
• 2.Price target is lowered to $270 from $300 based on lower peer multiples and demand slowdown, though the stock remains Buy rated.
• 3.EPS estimates for FY26/27/28 have been reduced due to a more cautious spending backdrop among clients.

Table of Contents

• Key stock takeaways
• Our view on key metrics and estimates
• Items on the call that could move the stock
• Coming out of the print
• Estimate adjustments
• Price target and risks
• Disclosure Appendix

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial