Stifel Reaffirms Buy Rating on Accenture After Q3 Earnings Beat and Solid Growth

Accenture plc (NYSE:ACN) ranks among the best fundamental stocks to buy according to hedge funds. On June 23, Stifel reaffirmed its $355 price target and Buy rating for Accenture plc (NYSE:ACN) in response to the company’s fiscal third-quarter results.

Accenture’s fiscal third-quarter results exceeded expectations, with earnings per share growing 13% against the consensus forecast of 6%, and year-over-year organic growth coming in at 4% against the 2% projection. With consulting up 6% and outsourcing seeing high single-digit growth, both the consulting and outsourcing industries exhibited consistency.

Stifel Reaffirms Buy Rating on Accenture After Q3 Earnings Beat and Solid Growth

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While management’s hesitancy to explain the impact of DOGE (Department of Government Efficiency) into fiscal year 2026 possibly contributed to the stock’s performance decline on June 20, Stifel pointed out that some data points, like bookings and headcount, could be interpreted negatively without further examination.

Given the continued macroeconomic uncertainty, the company’s fiscal fourth-quarter revenue guidance of 0-4% organic growth remained mostly unchanged.

Accenture plc (NYSE:ACN), based in Dublin, Ireland, is a multinational professional services firm specializing in IT consulting, digital transformation, and management solutions.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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