Concentrix (NASDAQ:CNXC) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

Concentrix (NASDAQ:CNXC)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued on Wednesday, Benzinga reports. They presently have a $45.00 price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 63.08% from the stock’s current price.

Several other equities analysts have also recently weighed in on CNXC. Robert W. Baird lowered their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Barrington Research lowered their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Finally, Bank of America lowered their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Concentrix currently has an average rating of “Hold” and an average price target of $33.50.

Concentrix Stock Up 10.6%

CNXC stock traded up $2.64 during midday trading on Wednesday, hitting $27.59. The company’s stock had a trading volume of 465,166 shares, compared to its average volume of 1,648,156. The company has a market cap of $1.68 billion, a PE ratio of -0.71, a P/E/G ratio of 0.46 and a beta of 0.47. Concentrix has a 12 month low of $19.12 and a 12 month high of $49.37. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46. The firm’s 50-day moving average is $27.04 and its 200-day moving average is $26.48.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Tuesday, September 29th. The company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.21. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Concentrix had a positive return on equity of 22.78% and a negative net margin of 23.99%.The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS. 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, equities research analysts forecast that Concentrix will post 9.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Concentrix

Several hedge funds and other institutional investors have recently modified their holdings of CNXC. Engineers Gate Manager LP purchased a new stake in shares of Concentrix in the 2nd quarter worth $228,000. Arizona State Retirement System increased its stake in shares of Concentrix by 14.8% in the 2nd quarter. Arizona State Retirement System now owns 11,783 shares of the company’s stock worth $264,000 after purchasing an additional 1,523 shares in the last quarter. Nykredit A S purchased a new stake in shares of Concentrix in the second quarter worth $29,000. Corient Private Wealth LP increased its stake in shares of Concentrix by 321.6% in the second quarter. Corient Private Wealth LP now owns 121,597 shares of the company’s stock worth $2,724,000 after purchasing an additional 92,752 shares in the last quarter. Finally, Amundi lifted its stake in shares of Concentrix by 46.2% during the 2nd quarter. Amundi now owns 33,437 shares of the company’s stock valued at $749,000 after buying an additional 10,572 shares in the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Concentrix News

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

About Concentrix

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.