Concentrix (NASDAQ:CNXC) Stock Keeps Buy Rating at Canaccord Genuity Group

Concentrix (NASDAQ:CNXC)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $45.00 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 79.53% from the stock’s previous close.

Other research analysts have also issued reports about the company. Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Barrington Research cut their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Robert W. Baird cut their target price on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Finally, Bank of America cut their target price on Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Three research 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 MarketBeat, Concentrix has an average rating of “Hold” and an average target price of $32.75.

Concentrix Stock Performance

Shares of CNXC stock traded up $0.19 during trading hours on Wednesday, reaching $25.07. 3,617,818 shares of the company’s stock were exchanged, compared to its average volume of 1,644,374. Concentrix has a fifty-two week low of $19.12 and a fifty-two week high of $49.37. The stock has a market capitalization of $1.53 billion, a P/E ratio of -1.18, a P/E/G ratio of 0.47 and a beta of 0.47. The business has a fifty day moving average price of $27.01 and a 200-day moving average price of $26.53. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings results on Tuesday, September 29th. The company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.21. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the company earned $2.78 earnings per share. The company’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. Analysts predict that Concentrix will post 9.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC raised its stake in Concentrix by 52.0% during the fourth quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock worth $48,000 after acquiring an additional 392 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Concentrix by 5.7% during the second quarter. Handelsbanken Fonder AB now owns 11,200 shares of the company’s stock worth $251,000 after acquiring an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Concentrix during the second quarter worth $25,000. Hantz Financial Services Inc. raised its stake in Concentrix by 244.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,727 shares of the company’s stock worth $72,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Nykredit A S acquired a new position in Concentrix during the second quarter worth $29,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.

More 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 rising from $2.78 a year earlier. Concentrix Corporation Q3 Earnings Beat Estimates
• Positive Sentiment: The company generated record third-quarter operating free cash flow of $268 million and adjusted free cash flow of $218 million, supporting capital returns and financial flexibility. Concentrix Reports Third Quarter 2026 Results
• Positive Sentiment: Concentrix raised its quarterly dividend 2.8% to $0.37 per share, equivalent to a $1.48 annualized payout and approximately a 5.6% yield at the referenced share price.
• Positive Sentiment: Management expects new-business revenue to exceed $6 billion in 2027, while Canaccord Genuity reaffirmed its buy rating with a $45 price target. Concentrix 2027 New Business Revenue Outlook
• Neutral Sentiment: Full-year EPS guidance of $10.97-$11.09 is above the $10.89 consensus, but the $9.8-$9.9 billion revenue outlook trails the $10.0 billion analyst estimate.
• Negative Sentiment: Third-quarter revenue of $2.45 billion missed the $2.48 billion consensus and declined 1.2% year over year. Concentrix Third-Quarter Earnings Results
• Negative Sentiment: Fourth-quarter EPS guidance of $2.86-$2.98 and revenue guidance of $2.4-$2.5 billion are below consensus estimates of $3.08 and $2.5 billion, respectively. Investors remain concerned that the shift toward AI-enabled services is pressuring existing revenue and creating transition-related headwinds. Concentrix Stock Earnings and AI Revenue Headwinds

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.