U.S. stock movement: Accenture plunges on October 2; performance beats expectations but profit-taking follows

Accenture October 2 Big Drop Explained

Keywords: Better-than-expected results, profit taking

1. On October 1, 2026, the company announced fourth-quarter revenue and adjusted earnings per share both exceeded expectations, with the stock price rising about 15.8% in a single day; on October 2, there was short-term profit taking, and the intraday decline was about 5%.

2. On October 2, 2026, management stated that 2027 fiscal year revenue growth guidance is 3% to 6%. The lower bound of the range considers deterioration in discretionary spending, and the company is also facing pricing pressure, so growth expectations remain constrained.

3. On October 2, 2026, although several institutions raised their price targets, Citi, HSBC, Jefferies, Morgan Stanley, Wells Fargo, and Susquehanna still maintained neutral or hold ratings. Diverging opinions on ratings have limited buy-side support.

(Disclaimer: This content is collected and summarized from public information by AI technology. It is for reference only and does not constitute investment advice.)