Accenture: Oddo BHF lowers target price

(CercleFinance.com) - Oddo BHF maintains its outperform rating on Accenture shares, with a target price lowered from $413 to $388.


Accenture reported solid Q2 2025 results yesterday before the US stock market opened, with sales growth of 8.5% y/y cc, ahead of expectations (Css: 7.2% cc).

The disruption caused by the DOGE initiatives on the Accenture Federal Services business (8% of group sales) should quickly become apparent, prompting the group to take a more cautious view of the H2 outlook, the broker says.

Oddo BHF states that its 2025 forecasts are “broadly unchanged” after this publication, as the better Q2 and Q3 overall in line offset the risk of a slowdown in Q4.

Nevertheless, the weaker exit rate in Q4 has led us to significantly revise down our forecasts for 2026 (org growth of 3.2% vs. 4.9% previously), and this is certainly what weighed most on the share yesterday, with Q2 profitability below expectations, it concludes.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.