Concentrix’s (CNXC) “Buy” Rating Reiterated at Canaccord Genuity Group

Concentrix (NASDAQ:CNXC)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued on Wednesday, Benzinga reports. They presently have a $45.00 price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 63.80% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Bank of America dropped their price objective on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Barrington Research decreased their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Robert W. Baird reduced their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.50.

Concentrix Stock Up 10.1%

Shares of NASDAQ CNXC opened at $27.47 on Wednesday. The business has a 50-day moving average of $27.04 and a two-hundred day moving average of $26.48. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of 0.46 and a beta of 0.47. Concentrix has a 1 year low of $19.12 and a 1 year high of $49.37. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings results on Tuesday, September 29th. The company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.21. Concentrix had a positive return on equity of 22.78% and a negative net margin of 23.99%.The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the company posted $2.78 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. On average, analysts forecast that Concentrix will post 9.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Concentrix during the 2nd quarter valued at about $149,639,000. Pzena Investment Management LLC purchased a new stake in Concentrix during the second quarter valued at about $76,488,000. Dimensional Fund Advisors LP raised its holdings in shares of Concentrix by 18.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock worth $80,746,000 after purchasing an additional 460,108 shares during the period. Groupe Bruxelles Lambert purchased a new position in shares of Concentrix in the 2nd quarter worth about $68,000,000. Finally, Kopernik Global Investors LLC acquired a new position in shares of Concentrix in the 1st quarter valued at about $44,523,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Trending Headlines about Concentrix

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Adjusted EPS was $2.92, exceeding the $2.71 consensus estimate and rising from $2.78 a year earlier. Concentrix also generated record third-quarter operating free cash flow of $268 million and adjusted free cash flow of $218 million. Concentrix Corporation Q3 Earnings Beat Estimates
• Positive Sentiment: The company raised its quarterly dividend 2.8% to $0.37 per share, or $1.48 annualized, implying a yield of approximately 5.9% at the reference price. Canaccord Genuity also reaffirmed its “buy” rating with a $45 price target. Concentrix Posts Mixed Q3 Results
• Neutral Sentiment: Concentrix said roughly 50% of revenue now comes from business won since the introduction of its AI tools, indicating progress in its AI-led transformation. Management also expects new-business revenue to exceed $6 billion in 2027, although the transition is affecting current sales. Concentrix Stock Falls After Earnings as AI Transition Weighs on Revenue
• Negative Sentiment: Revenue fell 1.2% year over year to $2.45 billion, missing the $2.48 billion consensus. Fiscal fourth-quarter revenue guidance of $2.4 billion–$2.5 billion and EPS guidance of $2.86–$2.98 are below analyst expectations of $2.5 billion and $3.08, respectively. Concentrix Shares Fall Amid Lower Revenue Outlook
• Negative Sentiment: A $1.05 billion goodwill impairment produced a GAAP operating loss of $910.3 million and a 37.1% operating margin, overshadowing the adjusted profit. Full-year revenue guidance of $9.8 billion–$9.9 billion is also below the $10 billion consensus, reinforcing investor concerns about slower growth and AI-related disruption. Concentrix Posts Quarterly Loss After Goodwill Charge

Concentrix Company Profile

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.