On July 17, Accenture declined 3.02% in regular trading, trading at $140.07/share, with turnover of $267 million, as the IT consulting sector remained under sustained selling pressure.

On the news front, industry peer IBM previously reported earnings significantly below expectations, triggering a stock plunge of over 23% and dragging the broader IT consulting sector lower. On the same day, IBM fell an additional 2.48% and Gartner declined 1.96%, reflecting continued sector weakness. Accenture had already lowered the upper end of its fiscal 2026 revenue growth guidance from 5% to 4% in June, citing geopolitical tensions in the Middle East and declining new bookings. Meanwhile, TD Cowen downgraded the stock to Hold and slashed its target price to $150 from $258, while Morgan Stanley cut its target to $130 and BNP Paribas reduced its target to $130 from $180, reflecting broad erosion of confidence in the IT consulting demand outlook.

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