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

Concentrix (NASDAQ:CNXC)‘s stock had its “buy” rating reaffirmed by research analysts 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 indicates a potential upside of 61.12% from the stock’s current price.

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

Concentrix Trading Up 11.9%

NASDAQ CNXC traded up $2.98 during trading hours on Wednesday, reaching $27.93. The company had a trading volume of 1,068,877 shares, compared to its average volume of 1,652,407. The stock has a 50-day moving average of $27.04 and a 200 day moving average of $26.48. Concentrix has a 1-year low of $19.12 and a 1-year 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 stock has a market capitalization of $1.70 billion, a P/E ratio of -0.71, a price-to-earnings-growth ratio of 0.46 and a beta of 0.47.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Concentrix in the 2nd quarter worth about $149,639,000. Dimensional Fund Advisors LP boosted its stake in Concentrix by 18.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock valued at $80,746,000 after purchasing an additional 460,108 shares during the period. Pzena Investment Management LLC boosted its stake in Concentrix by 0.5% during the 1st quarter. Pzena Investment Management LLC now owns 2,943,212 shares of the company’s stock valued at $80,526,000 after purchasing an additional 16,016 shares during the period. Groupe Bruxelles Lambert bought a new stake in Concentrix during the 2nd quarter valued at approximately $68,000,000. Finally, Kopernik Global Investors LLC bought a new stake in Concentrix during the 1st quarter valued at approximately $44,523,000. 90.34% of the stock is owned by institutional investors and hedge funds.

Key Concentrix News

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Concentrix reported third-quarter adjusted EPS of $2.92, exceeding the $2.71 analyst consensus and improving from $2.78 a year earlier. The company also exceeded its profitability guidance. Concentrix Corporation Q3 Earnings Beat Estimates
• Positive Sentiment: Operating cash flow reached a record $268 million, while adjusted free cash flow was $218 million, supporting the company’s balance-sheet and shareholder-return efforts. Concentrix Reports Third Quarter 2026 Results
• Positive Sentiment: The quarterly dividend was raised to $0.37 per share from $0.36, providing an annualized payout of $1.48 and a yield near 5.9%. Canaccord Genuity also reaffirmed its buy rating with a $45 price target. Concentrix Posts Mixed Q3 Results
• Neutral Sentiment: Management said AI-related offerings are reshaping the business: about half of revenue now comes from work won since AI tools were introduced three years ago. The shift is driving margin expansion and future growth, but is also changing the revenue mix and creating near-term execution risk. CNXC Q3 Deep Dive
• Negative Sentiment: Third-quarter revenue fell 1.2% year over year to $2.45 billion, missing the $2.48 billion consensus. A $1.05 billion goodwill impairment produced a GAAP loss and drove operating margin to negative 37.1%, despite non-GAAP operating income of $309 million. Concentrix Posts Quarterly Loss After Goodwill Charge
• Negative Sentiment: Fiscal 2026 revenue guidance of $9.8 billion–$9.9 billion is below the $10.0 billion consensus, while fourth-quarter revenue and EPS guidance also trail estimates. This cautious outlook and the AI transition explain the earlier investor disappointment. Concentrix Shares Fall Amid Lower Revenue Outlook

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.