Accenture "Historical Credibility amid Continued Uncertainty" (Buy) McVeigh

研报英文原文证据摘录

Accenture "Historical Credibility amid Continued Uncertainty" (Buy) McVeigh

Global Research

18 June 2026ab

Accenture Equities

United StatesHistorical Credibility amid Continued Uncertainty

Industrial Services

12-month rating Buy

Bottom Line

ACN stock is down ~15% today—in excess of its 7.5% implied move—as weaker- 12m price target US$275.00

than-expected bookings and Q4 guidance more than offset FQ3 EPS beat + upsized Prior : US$320.00

capital return. While we monitor AI-induced concern, we believe Q3 + Q4 guidance

Price (18 Jun 2026) US$131.72

impact from the Middle East conflict is being discounted as secular. This as Accenture

continues to position itself for long-term growth amid sizable increased M&A activity— RIC: ACN.N BBG: ACN US

majority stake in Dragos concurrent with purchase of runZero and NetRise for combined

Trading data and key metrics

~$4.175b increasing FY26 inorganic contribution to $9b up from $5b and expanding

52-wk range US$304.78-131.72

cybersecurity business [$10b in annual revenue], specifically their OT TAM by 3x. We

believe these deals position it to capture more of the cybersecurity market as Accenture Market cap. US$82.7b

has grown cybersecurity to $10b [~15% 2025 revenue]—35% CAGR, 4x Accenture's Shares o/s 628m (COM)

total CAGR—from $700m in 2016. Accenture also introduced Accenture Edge—a Free float 100%

new business targeting mid-market, ~$240b TAM as its partner ecosystem fuels Avg. daily volume ('000) 1,639

growth with bookings from emerging AI + Data partners—including Anthropic, Avg. daily value (m) US$301.9

Databricks, Mistral AI, NVIDIA, OpenAI, Palantir, and Snowflake—on pace to double. Common s/h equity (08/26E) US$33.3b

Our confidence comes from an organization with 25+ years of rich public history P/BV (08/26E) 2.4x