TD Cowen Lowers PT on Accenture (ACN), Here’s Why

Core Viewpoint - Accenture plc (NYSE:ACN) is highlighted as a promising AI stock despite a recent price target reduction by TD Cowen from $300 to $282, maintaining a Buy rating due to expected stable earnings in fiscal Q2 2026 amidst market volatility [1][2]. Financial Performance - The stock has experienced a decline of over 22% year-to-date, but TD Cowen believes the pressure from the AI narrative is exaggerated and anticipates stronger-than-expected results [2]. - The company is projected to report fiscal Q2 2026 results on March 19, with expected quarterly revenue around $17.83 billion and a GAAP EPS of $2.83 [3]. Market Position - Accenture provides a range of services and solutions including strategy and consulting, technology, operations, Industry X, and Song, positioning itself well in the market [3].