Accenture shares continued to decline after the company missed third-quarter revenue estimates and issued weak guidance. The stock fell sharply on June 18 and has extended losses, with Barchart data indicating a bearish options skew. The put-to-call ratio on ACN options expiring mid-July sits at 1.04, and the lower price target on those contracts is around $116, suggesting a potential further 9% drop over the next four weeks. Accenture is trading below key moving averages with an RSI in the early 20s, and Barchart's technical opinion is a '100% SELL'. New bookings slipped 2% year-over-year to $19.32 billion, and several large managed services deals have been delayed until fiscal 2027, hurting near-term revenue visibility. The company also spent $4.17 billion on acquisitions including OT cybersecurity firm Dragos, raising concerns about profitability and integration risks. Despite these headwinds, Wall Street maintains a consensus Moderate Buy rating with a mean price target of about $233, implying over 80% upside.
Accenture plcMissed Q3 revenue estimates, issued weak guidance, bookings slipped, and acquisitions raise profitability concerns.