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Wells Fargo raised Accenture's target price from $194 to $210, while maintaining a “hold and see” rating. The agency raised its future revenue forecast after the company's fourth fiscal quarter results, raising the revenue forecast for the 2027 and 2028 fiscal year from US$76.66 billion and US$80.5 billion to US$77.33 billion and US$81.2 billion respectively; however, the adjusted earnings per share forecast for the same period was lowered from US$14.77 and US$16.32 to US$14.60 and US$16.03, mainly due to weak contract profitability for the fourth fiscal quarter, and the related pressure is expected to continue until FY2027. At the same time, the company will continue to increase investment. Wells Fargo pointed out that revenue for the fourth fiscal quarter was mainly due to non-optional small-scale projects, application and functional services, faster project startup, and merger and acquisition contributions; however, direct business pressure in the Middle East region increased. The agency anticipates that the expansion of operating profit margins for the 2027 fiscal year is likely to be closer to the lower end of the 10-30 basis point range of the company's guidelines. The increase in the target price is mainly due to the increase in the valuation multiplier from 12 times to 14 times before, rather than a marked improvement in profit forecasts.

智通財經·10/02/2026 10:49:06
語音播報
Wells Fargo raised Accenture's target price from $194 to $210, while maintaining a “hold and see” rating. The agency raised its future revenue forecast after the company's fourth fiscal quarter results, raising the revenue forecast for the 2027 and 2028 fiscal year from US$76.66 billion and US$80.5 billion to US$77.33 billion and US$81.2 billion, respectively; however, the adjusted earnings per share forecast for the same period was lowered from US$14.77 and US$16.32 to US$14.60 and US$16.03, mainly due to weak contract profitability for the fourth fiscal quarter, and the related pressure is expected to continue until FY2027. At the same time, the company will continue to increase investment. Wells Fargo pointed out that revenue for the fourth fiscal quarter was mainly due to non-optional small-scale projects, application and functional services, faster project startup, and merger and acquisition contributions; however, direct business pressure in the Middle East region increased. The agency anticipates that the expansion of operating profit margins for the 2027 fiscal year is likely to be closer to the lower end of the 10-30 basis point range of the company's guidelines. The increase in the target price is mainly due to the increase in the valuation multiplier from 12 times to 14 times before, rather than a marked improvement in profit forecasts.