Truist Cuts Accenture (ACN) Target to $260, Warns of Pressure on Long-Term Estimates


Accenture plc (NYSE:ACN) is among them 14 Low PE High Dividend Stocks to Buy Now.

Truist Cuts Accenture (ACN) Target to $260, Warns of Pressure on Long-Term Estimates
Truist Cuts Accenture (ACN) Target to $260, Warns of Pressure on Long-Term Estimates

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On March 10, Truist lowered its price recommendation on Accenture plc (NYSE: ACN ) from $317 to $260. It reiterated a buy rating on the shares ahead of the company’s Q2 results. The company said its enterprise AI adoption checks suggest the demand environment remains stable. Meanwhile, Frontier’s AI models continue to make significant progress, the analyst said in a research note. The trust also noted that FY27 consensus estimates could come under pressure. Slow consumption from ecosystem partners and potential AI-driven cannibalization may weigh on expectations.

Earlier, on March 5, TD Cowen also cut its price target on Accenture. The company lowered its target from $300 to $282 while maintaining a buy rating on the stock. Cowen reviewed the company’s Q2 results and said he expects second-quarter performance and management commentary to be relatively sensitive in outlook. The company added that the current pressure around the AI ​​narrative may increase. At the same time, Quinn acknowledged that it is difficult to identify a clear catalyst that could materially change estimates or change sentiment around this earnings release.

Accenture plc (NYSE:ACN) is a global professional services company. It offers a wide range of services and solutions across strategy and consulting, technology, operations, industry x, and songwriting.

While we accept ACN’s potential as an investment, we believe some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.

Read more: The 40 Most Popular Stocks Among Hedge Funds in 2026 and the 14 Best American Dividend Stocks to Invest in

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