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

Concentrix (NASDAQ:CNXC)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research report issued on Wednesday, Benzinga reports. They currently have a $45.00 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 80.36% from the company’s current price.

A number of other research firms have also issued reports on CNXC. Bank of America lowered 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. Barrington Research lowered 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 reiterated a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Robert W. Baird lowered 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Concentrix has a consensus rating of “Hold” and an average target price of $32.75.

Concentrix Stock Up 0.3%

Shares of CNXC stock traded up $0.07 during trading hours on Wednesday, reaching $24.95. The company had a trading volume of 5,295,922 shares, compared to its average volume of 1,655,033. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. Concentrix has a twelve month low of $19.12 and a twelve month high of $49.37. The company has a market capitalization of $1.52 billion, a P/E ratio of -1.17, a price-to-earnings-growth ratio of 0.47 and a beta of 0.47. The stock’s fifty day simple moving average is $27.01 and its 200 day simple moving average is $26.53.

Concentrix (NASDAQ:CNXC) last posted its 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 19.82% and a negative net margin of 13.16%.The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the firm earned $2.78 earnings per share. The company’s revenue for the quarter 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. As a group, sell-side analysts expect 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 stock. BlackRock Inc. acquired a new position in Concentrix during the second quarter worth $149,639,000. Groupe Bruxelles Lambert bought a new stake in shares of Concentrix during the second quarter worth $68,000,000. Empowered Funds LLC grew its holdings in shares of Concentrix by 21.6% during the first quarter. Empowered Funds LLC now owns 306,784 shares of the company’s stock worth $8,394,000 after purchasing an additional 54,585 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Concentrix during the second quarter worth $1,084,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Concentrix during the second quarter worth $16,654,000. 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 adjusted EPS of $2.92, beating the $2.71 consensus estimate, while quarterly free cash flow reached a record $268 million from operations and $218 million on an adjusted basis. Concentrix Reports Third Quarter 2026 Results
• Positive Sentiment: The company raised its quarterly dividend to $0.37 per share, a 2.8% increase, supporting an annualized payout of $1.48 and a yield of approximately 5.6%. Concentrix Dividend Update
• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and maintained a $45 price target, implying substantial upside from recent trading levels. Concentrix Analyst Rating
• Neutral Sentiment: Management expects new-business revenue to exceed $6 billion in 2027 and is targeting net leverage of 2.2 times, suggesting longer-term growth potential but continued balance-sheet management will be important. Concentrix 2027 Outlook
• Negative Sentiment: Third-quarter revenue of $2.45 billion fell short of the $2.48 billion consensus and declined 1.2% year over year. Investors focused more on the sales miss than the EPS beat. Concentrix Q3 Earnings
• Negative Sentiment: Fourth-quarter EPS guidance of $2.86-$2.98 and revenue guidance of $2.4-$2.5 billion were below analyst expectations of $3.08 and $2.5 billion, respectively. Full-year EPS guidance exceeded consensus, but full-year revenue guidance of $9.8-$9.9 billion was below the $10 billion estimate. Concentrix Earnings Guidance
• Negative Sentiment: AI adoption is changing Concentrix’s revenue mix and may pressure traditional service demand in the near term. Roughly half of revenue now comes from business won since the company introduced AI tools, making execution of the transition critical. Concentrix Stock and AI Transition

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.