Guggenheim Sees Weak Q1 2026 Outlook, Maintains Long-Term Bullish View on Accenture (ACN)

Accenture plc (NYSE:ACN) ranks among the best hot AI stocks to buy right now. While maintaining its Buy rating on Accenture plc (NYSE:ACN), Guggenheim reduced its price target from $335 to $305 on September 17. According to the firm, the average projections for the company’s revenue growth in the fiscal first quarter of 2026 were “too lofty.”

Even if the full-year 2026 estimate meets Street revenue expectations, Guggenheim cautioned investors regarding how they could interpret potentially weak fiscal first quarter 2026 earnings.

Guggenheim mostly attributed “peer multiple compression” for the price target cut, rather than a shift in the firm’s long-term outlook for the technology and consulting services provider.

Accenture plc (NYSE:ACN), based in Dublin, Ireland, is a multinational professional services firm specializing in IT consulting, digital transformation, and management solutions. Accenture’s emphasis on AI, particularly GenAI, is seen as a key long-term growth driver.

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Disclosure: None. This article is originally published at Insider Monkey.