Should I Buy ACM? ACM 2026 Analysis

Should You Buy AECOM (ACM) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

101.030

1 Day change

2.41%

52 Week Range

135.520

Analysis Updated At

2026/02/04

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Not a good buy right now for an impatient entry: the trend is still bearish (SMA_200 > SMA_20 > SMA_5) and momentum is only showing early stabilization.
Best near-term setup is a potential oversold bounce, but it’s not yet a clean trend reversal; risk/reward improves only if price holds above support (~~94.6) and reclaims the pivot (~~96.6).
Options positioning is mixed (bullish longer-term open interest, bearish near-term volume), suggesting traders are hedging into the upcoming earnings window.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Bearish structure with moving averages stacked down (SMA_200 > SMA_20 > SMA_5), implying sellers still control the primary trend.
Momentum: MACD histogram positive (0.187) but contracting, signaling upside momentum is weakening even though it’s not fully negative.
RSI(6): 32.45 (near oversold), which supports a short-term bounce thesis rather than confirming a sustained uptrend.
Key levels:
- Pivot: 96.63 (needs to reclaim to improve near-term bias)
- Support: 94.62 then 93.37 (failure here would likely extend the downtrend)
- Resistance: 98.65 then 99.90 (where sellers likely reappear)
Pattern-based forward odds: modest positive skew beyond 1 week (next month modeled +9.2%), but near-term edge is small (next day ~flat).

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Sentiment read:
- Open interest P/C = 0.55: positioning leans bullish (more calls outstanding than puts).
- Volume P/C = 1.57: near-term trading flow is put-heavy, consistent with short-term hedging or caution.
Activity/positioning: today’s volume 1774 vs 30D avg (very elevated: ~645% of average), implying an event/earnings-related positioning build.
Volatility: IV(30d) 24.43 vs historical vol 23.03 (slightly higher), while IV percentile 36 and IV rank 5.56 suggest IV is not extreme—options aren’t pricing a huge move relative to the past year.

Technical Summary

Sell

Buy

Positive Catalysts

- Analysts largely remain constructive (multiple Buy ratings maintained), even after recent target cuts.
- Gross margin improved YoY in the latest reported quarter (operational efficiency signal).
- Earnings catalyst ahead: QDEC 2025 earnings on 2026-02-09 (after hours) could re-rate the stock if backlog/margins/outlook beat expectations.
- Technical: RSI near oversold increases probability of a mean-reversion bounce if support holds.

Neutral/Negative Catalysts

- Price trend remains bearish (downward MA stack); bounces may be sold until trend structure improves.
- Latest quarter showed EPS and net income down ~30% YoY, a fundamental headwind.
- Street narrative includes concern around AI/data-center exposure complexity and potential pressure on multiples (seen in downgrades/target cuts).
- No supportive “confidence” signal from insiders/hedge funds (both described as neutral) and no notable political buying data.

Financial Performance

Latest quarter provided: 2025/Q4
Revenue: $4.175B, +1.58% YoY (low growth).
Net income: $120.4M, -30.24% YoY (meaningful decline).
EPS: 0.90, -29.69% YoY (profitability pressure).
Gross margin: 7.92%, +10.61% YoY (a positive efficiency/mix improvement, but not yet flowing through to bottom-line growth).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: multiple price target cuts across the board (Goldman 148→127, Citi 152→131, UBS 148→143, KeyBanc 144→115, Truist 148→126), indicating tempered near-term expectations.
Ratings: still mostly Buy/Overweight, but with growing caution:
- Goldman: Buy (PT 127)
- Citi: Buy (PT 131)
- UBS: Buy (PT 143)
- KeyBanc: Overweight (PT 115)
- Barclays: downgraded to Equal Weight (PT 100)
- Baird: downgraded to Neutral (PT 143)
Wall Street pros: durable margin improvement potential, exposure to infrastructure/data-center-related demand, long-term transformation narrative.
Wall Street cons: valuation/multiple sensitivity, uncertainty around AI impacts and bookings/backlog trajectory, and near-term cash flow/earnings setup concerns.

9 Analyst Rating

Wall Street analysts forecast ACM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACM is 133.78 USD with a low forecast of 100 USD and a high forecast of 152 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

2 Hold

0 Sell

Strong Buy

Current: 98.650

Low

100

Averages

133.78

High

152

Current: 98.650

Low

100

Averages

133.78

High

152

Goldman Sachs

Buy

downgrade

$148 -> $127

AI Analysis

2026-01-28

Reason

Goldman Sachs

Price Target

$148 -> $127

AI Analysis

2026-01-28

downgrade

Buy

Reason

Goldman Sachs lowered the firm's price target on Aecom to $127 from $148 and keeps a Buy rating on the shares. Ahead of Q4 earnings, the outlook for Engineering & Construction remains selective, with valuations near highs, mixed price/cost signals, and estimates generally in line to slightly below consensus, the analyst tells investors in a research note. Preference is given to companies with durable margin improvements and upside to expectations, while caution centers on peak-valuation names reliant on future bookings, amid ongoing debate around AI's impact, data center spending, and labor-driven margins, Goldman says.

Citi

Buy

downgrade

$152 -> $131

2026-01-26

Reason

Citi

Price Target

$152 -> $131

2026-01-26

downgrade

Buy

Reason

Citi lowered the firm's price target on Aecom to $131 from $152 and keeps a Buy rating on the shares. The firm adjusted targets in the engineering and construction space ahead of the Q4 reports. Most in the group should report solid Q4 results with initial 2026 outlooks inline with consensus expectations, the analyst tells investors in a research note. Citi continues to preview companies with exposure to growing data center spending.

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ACM Should I Buy

ACM Should I Buy

Should You Buy AECOM (ACM) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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