Guggenheim Trims PT on Accenture (ACN) Amid Industry-Wide Multiple Compression

Accenture plc (NYSE:ACN) earns a place on our 13 stocks with consistent growth to buy right now.

Guggenheim Trims PT on Accenture (ACN) Amid Industry-Wide Multiple Compression

Recently, there has been a slight shift in analyst sentiment for Accenture plc (NYSE:ACN).

On March 11, 2026, Guggenheim Partners’ Jonathan Lee reduced the firm’s price target for Accenture from $305 to $275 while keeping a Buy rating. The firm still anticipates Accenture to boost the low end of its FY26 revenue projection while maintaining the high end, indicating ongoing confidence in the company’s underlying growth trajectory. The analyst attributed the downward revision of target to industry-wide multiple compression.

This forecast coincides with Accenture plc (NYSE:ACN)’s ongoing strategic acquisitions to increase its expertise.

Reuters report dated March 3, 2026, highlighted that Ziff Davis decided to sell its Connectivity division to Accenture plc (NYSE:ACN) for $1.2 billion in cash. The division includes Ookla’s Speedtest app, Downdetector, Ekahau, and RootMetrics. The acquisition is anticipated to improve Accenture’s network intelligence and AI-driven connection services. Last year, the segment brought in about $231 million, or roughly 16% of Ziff Davis’s overall revenue.

Accenture plc (NYSE:ACN) is a multinational professional services company that helps businesses across North America, EMEA, and Growth Markets develop digital capabilities through cloud, data, and artificial intelligence (AI).

While we acknowledge the risk and potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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