BofA analyst Ruplu Bhattacharya raised the firm’s price target on Concentrix (CNXC) to $59 from $58 and keeps a Neutral rating on the shares after the company reported “strong” fiscal Q1 results that beat Street estimates on revenue and margins. While FY25 revenue guidance was raised only slightly, part of this can be attributed to a slightly better outlook on forex and the FY25 guidance “now appears conservative,” the analyst tells investors.
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Read More on CNXC:
- Strategic AI Investments and Strong Financial Performance Drive Concentrix’s Buy Rating
- Concentrix Corporation Exceeds Q1 2025 Financial Guidance
- Closing Bell Movers: Stock futures, Big Three automakers fall on auto tariffs
- Concentrix sees FY25 EPS $11.18-$11.77, consensus $12.45
- Concentrix reports Q1 EPS $2.79, consensus $2.59
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