Accenture Facing DOGE Impact, Slower Bookings, Morgan Stanley Says

MT Newswires Live

Mar 17, 2025

Accenture (ACN) is facing Department of Government Efficiency spending cuts-related impact and a "marked slowdown" in industry bookings, Morgan Stanley said in an earnings preview Monday.

The investment bank said it now expects 2025 earnings per share of $12.88 on revenue of $68.38 billion for Accenture, which is set to release fiscal Q2 results on Thursday.

Morgan Stanley said it cut its estimates from its previous forecast of 2025 EPS of $12.92 on revenue of $68.57 billion due to the DOGE spending cuts and what the firm believes "is a slightly elongated cycle for new bookings."

Morgan Stanley said mitigating DOGE's impact on Accenture Federal Services would help get the firm "more constructive" on the company.

The firm reduced its price target on Accenture to $372 from $380 and maintained its equalweight rating.

Price: 324.06, Change: +5.24, Percent Change: +1.64

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