DOGE Will Keep the Pressure on Accenture Stock, Analysts Say - Barron's
1. Accenture reported better-than-expected earnings but fell 7.3% post-report. 2. Federal cost-cutting initiatives are negatively impacting Accenture's procurement and revenue. 3. Analysts cut price targets significantly, reflecting uncertainty in federal contracts. 4. CEO noted federal contracts are 8% of global revenue in 2024. 5. The stock has already dropped 14% this year amid market concerns.