Accenture stock plunges as Wall Street cuts targets

Accenture shares fell 7.1% to $118.88 as analysts lowered expectations after the company’s disappointing fiscal third-quarter report. The decline extended last week’s post-earnings selloff, signaling weaker sentiment around the stock and its fundamentals. The move is likely to pressure ACN near term, though the broader market impact is limited.

Analysis

Accenture shares fell 7.1% to $118.88 as analysts lowered expectations after the company’s disappointing fiscal third-quarter report. The decline extended last week’s post-earnings selloff, signaling weaker sentiment around the stock and its fundamentals. The move is likely to pressure ACN near term, though the broader market impact is limited.