Despite a general downturn in the stock market on Thursday, Concentrix Corporation (CNXC, Financial) bucked the trend with a remarkable 42.38% surge, closing at $65.04. This rally comes after a positive earnings report for the first quarter ending February 2025, where the company's net income rose by 35% to $70.2 million, although revenues slightly dipped by 1% to $2.37 billion.
Looking ahead, CNXC anticipates revenues between $2.37 billion and $2.39 billion for the next quarter, maintaining a steady outlook for the year. The company attributes its success to strategic business wins and opportunities within the GenAI sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Concentrix Corp (CNXC, Financial) is $64.33 with a high estimate of $80.00 and a low estimate of $54.00. The average target implies an upside of 12.42% from the current price of $57.23. More detailed estimate data can be found on the Concentrix Corp (CNXC) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Concentrix Corp's (CNXC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Concentrix Corp (CNXC, Financial) in one year is $107.66, suggesting a upside of 88.13% from the current price of $57.225. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Concentrix Corp (CNXC) Summary page.
