Report published October 1, 2026

Accenture Plc (ACN): Better-Than-Expected FY27 Guidance Plus Solid Near-Term Metrics Should Drive Stock Re-Rating – Goldman Sachs

Goldman Sachs · October 1, 2026

Goldman Sachs reiterates a Buy rating on Accenture and raises its 12-month price target to $260 from $230 following solid 4Q26 results and above-consensus FY27 guidance. The company demonstrated resilient bookings, slight margin expansion, and ongoing traction in enterprise AI projects despite a muted discretionary IT spending backdrop.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Accenture reported strong 4Q26 results across revenue ($18.68bn), operating margin (15.3%), and bookings ($22.2bn), all beating consensus estimates.
2.FY27 constant currency revenue growth was guided to 3%–6% ($76.4–$78.6bn), above Street expectations, with adjusted EPS guidance of $14.39–$14.81 and 10–30 bps of operating margin expansion.
3.Goldman Sachs reiterated its Buy rating on ACN and raised its 12-month price target to $260 from $230, based on 16x forward EPS.

Commentary from the call:
Read-through to our coverage:
4Q revenue results above the Street, with stronger bookings, margins, and EPS:
FY27 CC revenue guidance is above the Street, with EPS in line:
Estimate adjustments:
Price target update:
Exhibit 1: ACN - Variance Summary
Exhibit 2: ACN - Estimate Changes
Exhibit 3: ACN - Price Target Methodology

Report data

Exhibit 1: ACN - Variance Summary — as of September 30, 2026.

Metric	Estimate	Context
4Q26 Revenue	18.68 USD Billion	Actual revenue beat Street consensus of $18.04bn and GS estimate of $18.13bn.
4Q26 New Bookings	22.2 USD Billion	Bookings surpassed Street consensus of $19.90bn.
4Q26 Diluted EPS (non-GAAP)	3.29 USD	Exceeded Street estimate of $3.19 and GS estimate of $3.12.
FY27 Constant Currency Revenue Growth Guidance	3.0% - 6.0%%	Translates to revenue of $76.4 - $78.6bn, above the Street estimate of $76.4bn.
FY27 Adjusted EPS Guidance	14.39 - 14.81 USD	Adjusted EPS guidance vs. Street consensus of $14.62.