Barclays remains buyer of Accenture on weakness

Barclays reiterated an Overweight rating and $415 price target on Accenture (ACN) after the company reported a slight Q2 top/bottom-line beat and raised the midpoint of its FY25 guidance, despite a volatile political and economic environment. The firm said the stock has overcorrected on DOGE fears, and that it would be a buyer on the weakness. Barclays added that while it views a portion off Accenture Federal Services work as at-risk, it has yet to see large-scale cancellations, and that the downward move in recent weeks is overdone.

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