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Accenture (ACN) Stock Plummets 25% in Historic Selloff Following Disappointing Bookings
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Accenture (ACN) Stock Plummets 25% in Historic Selloff Following Disappointing Bookings
Key Takeaways ACN shares plummeted 18% immediately following fiscal Q3 earnings, finishing the week down approximately 25% in the company’s worst-ever weekly decline TD Cowen downgraded the stock to Hold from Buy, reducing its price target from $258 to $150 New bookings contracted 3% quarter-over-quarter, with executives attributing the decline to major deals being postponed to fiscal 2027 Both Truist and Jefferies lowered their price targets, …
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