Guggenheim and TD Cowen issued negative reports on Accenture on June 22, 2026. Guggenheim lowered its price target on the stock to $185 from $225. TD Cowen downgraded Accenture to Hold from Buy. TD Cowen also slashed its price target to $150 from $258.
The company's June 18 earnings report missed Wall Street revenue expectations. Accenture shares are currently trading near a 52-week low. Management lowered full-year guidance citing persistent macroeconomic headwinds.
Analysts pointed to disappointing third-quarter fiscal 2026 results as a primary driver for the downgrades. Discretionary spending remains under pressure throughout the IT services sector. The updated outlook indicates no imminent recovery for the industry.