12 Best Tech Stocks to Invest In on the Dip

7. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 64

Stock Upside: 40.66%

Year-To-Date Performance: -35.34%

Accenture plc (NYSE:ACN) is one of the best tech stocks to invest in on the dip. On June 8, JPMorgan analyst Tien Tsin Huang cut his price target on Accenture plc (NYSE:ACN) from $247 to $201, while holding on to an Overweight rating.

Huang said his firm decided to move its estimates away from the top end of Accenture’s third-quarter guidance to closer to the middle. This, he said, reflects weaker-than-expected results from industry peers and growing debate on Wall Street about AI tokenomics since Accenture last reported earnings on March 19.

Under the revised estimates, Huang now expects Accenture to exit fiscal year 2026 with fourth-quarter organic revenue growth of 2.5% in constant currency terms. The growth margin comes to 5% when including acquisitions. Still, this is a modest figure for a company of Accenture’s scale that used to command higher growth multiples, he noted.

The analyst also noted that Accenture’s stock had already fallen 12% since its last earnings release, even as the broader S&P 500 gained 12% over the same period. If anything, this underperformance shows just how much investor confidence in the company’s near-term growth story has eroded, noted Huang. He added that Accenture’s large deal bookings may cool off in the third quarter after a strong start to 2026, and that this would pile more pressure on an already cautious outlook.

Accenture plc (NYSE:ACN) is a global professional services and technology consulting company. It helps enterprises implement digital transformation, cloud computing, artificial intelligence, and enterprise software solutions at scale.