Accenture: Oddo BHF reduces target price

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Accenture shares, with a target price reduced from $430 to $413.


With Accenture set to publish its quarterly results on 20 March, Oddo BHF already anticipates growth of 6.9% at constant exchange rates, i.e. in the middle of the guidance range (5%-9%).

The analyst believes that the year's momentum should be positive, although it could be impacted by the federal government spending cuts initiated by the DOGE.

We are confident in the Group's ability to reiterate its FY 2025 annual guidance of between 4% and 7% cc growth, he says.

However, the broker is adjusting its figures for 2025 downwards, now expecting growth of 6.1% (vs. 7.5% previously) to take account of the difficult context in Europe and in the US federal public sector.


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