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

Accenture plc (NYSE:ACN) is one of the Best AI Stocks That Will Make You A Millionaire. On March 5, TD Cowen lowered the firm’s price target on Accenture plc (NYSE:ACN) from $300 to $282, while reiterating a Buy rating. The firm said in a research note that they expect the company’s fiscal Q2 2026 earnings to be stable despite the current market volatility.

The stock has declined more than 22% year-to-date. TD Cowen noted that the AI narrative pressure is overdone and the firm expects the company to post stronger than expected results. The firm also expects the company to raise the lower end of its fiscal 2026 guidance, driven by stable enterprise spending.

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

​The company is expected to release its fiscal Q2 2026 results on March 19. Wall Street expects the quarterly revenue to be around $17.83 billion, along with a GAAP EPS of $2.83.

Accenture plc (NYSE:ACN) provides services and solutions across strategy and consulting, technology, operations, Industry X, and Song.

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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