Street View: Accenture's growth outlook dimmed by economic uncertainty

Consultancy firm Accenture ACN.N said on Thursday the Trump administration's efforts to reduce federal spending have led to delays and cancellations of new contracts

Nineteen of 26 brokerages rate the stock "buy" or higher, seven "hold"; their median PT is $395.97, according to data compiled by LSEG

DOGE DILEMMA HITS GROWTH OUTLOOK

Morgan Stanley ("equal-weight", PT: $372) says expected growth slowdown in Q3 leaves room for further decline if economy worsens or DOGE's (Department of Government Efficiency) cost-cutting efforts increase

Piper Sandler ("overweight", PT: $364) says ACN's ability to drive growth and lead industry is uncertain due to pressure on federal services from DOGE and overall economic uncertainty

RBC Capital Markets ("outperform", PT: $392) believes demand from clients, influenced by both economic and political factors, has not reached its lowest point yet and will continue to negatively impact co's growth outlook

Morningstar (fair value: $318) expects current administration's review of federal contracts to cut funding for non-"mission critical" projects causing slowdown in federal services business, which accounts for 8% of ACN's global revenue