UBS reiterated its buy recommendation on Accenture shares on Wednesday, maintaining a $275 price target as the consulting giant accelerates its acquisition strategy following the purchase of Dutch SAP consultancy McCoy.
The Swiss bank’s endorsement follows Accenture’s announcement of its ninth acquisition in the fourth quarter of fiscal 2026, part of a broader push to expand its service offerings. The company has now raised its full-year 2026 acquisition spending target to approximately $9 billion, up from an initial $3 billion forecast. Through fiscal 2025, Accenture allocated roughly $1.5 billion to acquisitions, while total M&A activity reached 33 deals year-to-date in 2026, compared with 36 transactions across all of fiscal 2025.
Accenture’s inorganic growth strategy is expected to contribute 150 basis points to 2026 revenue, a target that has remained unchanged despite the increased spending. The company reported leveraged free cash flow of $12.6 billion over the trailing twelve months, underscoring its capacity to fund aggressive expansion.
The McCoy acquisition aligns with Accenture’s Accenture Edge initiative, targeting mid-market clients with annual revenues between $300 million and $3 billion. Separately, Accenture secured a seven-year contract valued at approximately €200 million with the NATO Communications and Information Agency to design, implement, and operate a central “Protected Business Network” platform serving roughly 29,000 users.
The company also highlighted operational momentum, including a partnership with Australian retailer Coles to transfer certain corporate functions to Accenture teams, aimed at cost reduction. Additionally, Accenture adjusted its vacation policy to allow employees to roll over unused days into fiscal 2027 as part of a sales-focused initiative.
Accenture’s shares were trading at $182.05, with a price-to-earnings ratio of 14.96, as of the latest session.
