Scotiabank analyst Divya Goyal maintained a Buy rating on Concentrix (CNXC – Research Report) today and set a price target of $120.00. The company’s shares closed yesterday at $73.97.
According to TipRanks, Goyal is an analyst with an average return of -19.6% and a 20.51% success rate. Goyal covers the Technology sector, focusing on stocks such as CGI Group, Epam Systems, and Perficient.
Currently, the analyst consensus on Concentrix is a Moderate Buy with an average price target of $101.60, representing a 37.35% upside. In a report released on September 22, Barrington also assigned a Buy rating to the stock with a $98.00 price target.
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Based on Concentrix’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.64 billion and a net profit of $87.87 million. In comparison, last year the company earned a revenue of $48.89 million and had a GAAP net loss of $4.38 million
Based on the recent corporate insider activity of 41 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.
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Concentrix (CNXC) Company Description:
Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.
Read More on CNXC:
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