Concentrix (CNXC – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Vincent Colicchio from Barrington maintained a Buy rating on the stock and has a $54.00 price target.
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Vincent Colicchio’s rating is based on a combination of factors that suggest potential for Concentrix’s stock to outperform. Despite a relatively flat revenue outlook for the fiscal second quarter of 2025, with expected revenue of $2.38 billion, the company is projected to see growth in key sectors such as retail, travel, and ecommerce, as well as technology and consumer electronics. These areas are anticipated to offset declines in communications, media, and healthcare revenues.
Furthermore, Concentrix’s solid pipeline across multiple geographies and the introduction of new products are expected to drive modest revenue growth in fiscal 2026. The company’s fiscal 2025 revenue and non-GAAP EPS forecasts are slightly below consensus, but the potential for new sales cycles and product traction could enhance future performance. Colicchio’s 12-month price target of $54, based on a multiple of the fiscal 2025 adjusted EBITDA forecast, supports the Buy rating, as the current stock price is close to this target.
In another report released on June 12, Robert W. Baird also maintained a Buy rating on the stock with a $72.00 price target.