Analyst David Koning of Robert W. Baird maintained a Buy rating on Concentrix, retaining the price target of $62.00.
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David Koning has given his Buy rating due to a combination of factors that suggest strong future performance for Concentrix. The company is benefiting from steady industry trends and a growing demand for its higher-margin services, which are expected to drive earnings per share (EPS) growth of 12-13% in 2026. This growth is supported by organic revenue growth, margin expansion, reduced interest expenses, and a decrease in share count.
Concentrix’s revenue growth is further bolstered by its expanding presence in areas like trust and safety, content moderation, and software services. The company is also capitalizing on new revenue streams from technology and AI-driven solutions, which are enhancing its margins. Despite some headwinds, such as sluggish volume growth post-COVID and a shift to offshore services, the company is targeting a return to over 5% organic growth in the long term. These factors, combined with strategic debt management and share buybacks, underpin Koning’s positive outlook on Concentrix’s stock.
In another report released on November 20, Barrington also maintained a Buy rating on the stock with a $62.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNXC in relation to earlier this year.