Canaccord Genuity Group Issues Pessimistic Forecast for Concentrix (NASDAQ:CNXC) Stock Price

Concentrix (NASDAQ:CNXC) had its target price reduced by Canaccord Genuity Group from $80.00 to $55.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 98.41% from the company’s current price.

CNXC has been the topic of a number of other research reports. Robert W. Baird cut their price objective on shares of Concentrix from $52.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings downgraded Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, January 29th. Barrington Research reaffirmed an “outperform” rating and set a $62.00 target price on shares of Concentrix in a research report on Tuesday, March 17th. Finally, Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.50.

Concentrix Stock Up 12.4%

NASDAQ CNXC opened at $27.72 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.18 and a debt-to-equity ratio of 1.43. Concentrix has a fifty-two week low of $24.27 and a fifty-two week high of $66.00. The business has a 50 day moving average price of $34.72 and a two-hundred day moving average price of $40.14. The stock has a market cap of $1.70 billion, a PE ratio of -1.29, a P/E/G ratio of 0.26 and a beta of 0.50.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Tuesday, March 24th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.04). The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Concentrix had a positive return on equity of 17.80% and a negative net margin of 13.35%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.79 earnings per share. As a group, sell-side analysts predict that Concentrix will post 10.11 EPS for the current fiscal year.

Insider Buying and Selling at Concentrix

In other news, CEO Christopher A. Caldwell purchased 1,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of $37.07 per share, for a total transaction of $37,070.00. Following the acquisition, the chief executive officer owned 362,075 shares of the company’s stock, valued at $13,422,120.25. The trade was a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Concentrix

Hedge funds have recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. acquired a new position in Concentrix during the 3rd quarter valued at about $1,938,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Concentrix in the third quarter valued at approximately $9,627,000. Capital Management Corp VA increased its stake in shares of Concentrix by 45.0% in the third quarter. Capital Management Corp VA now owns 472,681 shares of the company’s stock valued at $21,814,000 after purchasing an additional 146,688 shares during the period. Natixis bought a new stake in shares of Concentrix during the second quarter valued at approximately $1,872,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Concentrix by 247.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 535,843 shares of the company’s stock worth $28,322,000 after buying an additional 381,497 shares during the period. Institutional investors and hedge funds own 90.34% of the company’s stock.

Trending Headlines about Concentrix

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Several firms cut targets but kept constructive ratings — Canaccord cut its target to $55 and kept a Buy rating, Barrington cut to $38 but stayed Outperform, and Robert W. Baird trimmed to $40 while maintaining Outperform — signaling analysts still see upside versus the current price. Article Title
• Positive Sentiment: Some analysts continue to view CNXC as undervalued on a forward P/E basis and as a potential rebound candidate if margins and cash flow recover in H2 2026. Article Title
• Neutral Sentiment: Company revenue modestly beat estimates ($2.50B vs ~$2.49B), showing continued top-line growth even as profitability slipped. Earnings/Stats
• Neutral Sentiment: Macro/market coverage: Bloomberg flagged CNXC among “stock movers,” reflecting the heavy trading and news-driven volatility rather than a single structural change. Stock Movers
• Negative Sentiment: Margin squeeze and cautious 2026 guidance triggered a large selloff — investors reacted to lower margin outlook and conservative revenue/cash-flow assumptions. Yahoo Finance
• Negative Sentiment: Analyst and investor skepticism: Seeking Alpha pieces highlight execution risk from an expensive transition to AI-driven services, negative Q1 free cash flow, high leverage and a downgraded stance that argues CNXC is “cheap for a reason.” SA Downgrade
• Negative Sentiment: Investor caution pieces reinforce the risks — another Seeking Alpha article explains why some investors are avoiding CNXC despite low valuation multiples. SA Opinion
• Negative Sentiment: Price action: coverage noted CNXC hit a new 1‑year low after the earnings miss, underscoring near-term downside pressure until margins and cash flow show clear improvement. 1-Year Low

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.