ACCENTURE INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. - GlobeNewswire
π Accenture reported Q3 fiscal 2026 revenue of $18.7 billion, missing analyst expectations of $18.78 billion.
π The stock price plummeted by approximately 18% ($28.03 per share) following the earnings announcement and guidance cut.
π Management reduced its full-year fiscal 2026 revenue growth forecast to 3β4%, down from a previously raised target of 3β5%.
π Morgan Stanley downgraded Accenture to Hold and lowered its price target from $240 to $177 prior to the earnings report.
βοΈ Law firm Bragar Eagel & Squire, P.C. is investigating potential securities law violations against Accenture on behalf of stockholders.
π The investigation concerns the period following the June 16, 2026 analyst downgrade and the June 18, 2026 earnings release.
π Investors are urged to contact firm partners Brandon Walker or Melissa Fortunato at (212) 355-4648 to discuss legal options.
- Accenture's Q3 revenue of $18.7 billion missed analyst expectations of $18.78 billion, triggering an immediate loss of confidence.
- The company was forced to lower its full-year fiscal 2026 revenue growth guidance from a raised 3β5% range to 3β4%.
- Morgan Stanley downgraded the stock to Hold and slashed its price target by nearly $63, citing that AI spending rationalization failed to play out.
- The share price collapsed by approximately 18% ($28.03 per share) in a single trading session following the negative news.