Barrington raised the firm’s price target on Concentrix (CNXC) to $62 from $54 and keeps an Outperform rating on the shares. The firm increased estimates following the company’s Q2 beat to reflect better demand and lower diluted share forecasts. Concentrix’s year-over-year revenue increase was driven by solid growth in core artificial intelligence led customer experience offerings and adjacent AI solutions, the analyst tells investors in a research note.
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