Accenture plc Class Action Lawsuit - ACN

The filed complaint alleges that Accenture plc made materially false and/or misleading statements and/or failed to disclose that: Accenture's prior guidance, issued during its fiscal Q2 earnings report on March 19, 2026, projected 3-5% revenue growth for full-year fiscal 2026, uplifted from Q1’s previous 2-5% target. Today's Q3 results narrowed that range by cutting the upper bound, and the stock recorded its largest single-day percentage decline on record. The Q3 revenue figure of $18.7 billion came in below analyst expectations of $18.78 billion. Morgan Stanley had downgraded Accenture to Hold on June 16 and cut its price target from $240 to $177, citing concerns that anticipated AI spending rationalization had "not played out." Two days later, the company's own guidance revision confirmed that the growth trajectory management had projected just three months earlier was no longer achievable.

In order to be eligible to join the ACN class action lawsuit, you must have incurred a loss on shares of Accenture plc purchased during the class period listed above.