Enhancing Cybersecurity with NOW Partnership

研报英文原文证据摘录

Enhancing Cybersecurity with NOW Partnership

Global Research

29 June 2026ab

Accenture Equities

United StatesEnhancing Cybersecurity with NOW Partnership

Industrial Services

12-month rating Buy

Accenture + ServiceNow partnership enhances its Cybersecurity Business

Before the market open, Accenture and ServiceNow—one of its Top 10 Alliances— 12m price target US$275.00

announced a partnership to launch new AI powered services aimed at helping

enterprises transition from legacy risk management platforms to more advanced,

Price (29 Jun 2026) US$125.93

agentic AI-driven workflows and systems. Reducing both cost and complexity of

migrating off legacy cybersecurity platforms offering solutions such as unified risk RIC: ACN.N BBG: ACN US

management + operational technology [OT] risk management, this partnership could

Trading data and key metrics

continue to build Accenture's cybersecurity vertical—$10b [~15% 2025 revenue]—

52-wk range US$304.78-124.83

35% CAGR. We see continued partnership announcements signaling Accenture is well

positioned to scale AI and capture AI + cloud migration tailwinds, remaining at the Market cap. US$79.1b

forefront of the ongoing technology innovation cycle. Importantly, as AI adoption Shares o/s 628m (COM)

partnerships surface it will enhance Accenture's workflow as opposed to Free float 100%

disintermediate—with Top 10 Alliances ~60%+ of revenue vs. ~50% in 2022 and Avg. daily volume ('000) 1,844

~25% in 2018. With the ACN 2Y forward P/E currently trading at 8.8x—LOWEST level Avg. daily value (m) US$302.5

in 20+ years—we believe the market is meaningfully mispricing secular risk and remain Common s/h equity (08/26E) US$33.3b

Buy with $275 PT. P/BV (08/26E) 2.4x

Net debt to EBITDA (08/26E) 0.2x

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