Baird Reiterates Buy Rating on Concentrix Corp, Sets $30 Price Target
Concentrix Corp gets a reaffirmed buy rating from Baird with a $30 target, a 33.90% upside from the current price.
Key Points
- Baird reiterated its buy rating on Concentrix Corporation (CNXC), setting a price target of $30 on June 30, 2026.
- Baird's $30 price target implies 33.90% upside from Concentrix Corporation's ($CNXC) current $22.41 share price.
- Shares of Concentrix traded near $25.23 on Tuesday, with a market cap of about $1.53 billion and a forward P/E ratio of 1.95.
- Insider transactions included CFO Valentine Andre buying 2,500 shares at $27.95 on April 9, 2026.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Baird has reaffirmed its buy rating on Concentrix Corporation (NasdaqGS:CNXC), setting a price target of $30. This update came on June 30, 2026, as analyst David Koning maintained his positive outlook on the stock.
Baird vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Concentrix Corporation Stock Down 23.7%
Shares of NasdaqGS:CNXC traded near $25.23 on Tuesday. Concentrix Corporation, with a market cap of approximately $1.53 billion, has a forward P/E ratio of 1.95 and a beta of 0.423. The stock's 52-week range is between $22.05 and $62.14. It has a 50-day moving average of $25.86 and a 200-day moving average of $35.66. The company maintains a current ratio of 1.18 and a quick ratio of 0.88, with a debt-to-equity ratio of 204.04.
$CNXC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For the most recent period, Concentrix reported revenue of about $9.95 billion with a modest revenue growth of 5.4%. However, the company is currently not profitable, posting a net margin of -13.34% and a return on equity of -38.92%. The next earnings announcement is scheduled for June 29, 2026.
Dividend
Concentrix pays an annual dividend rate of $1.44, yielding 5.76% with a payout ratio of 28.2%. This provides shareholders with a steady income stream.
Insider Buying and Selling at Concentrix Corporation
Several insiders have been active in recent months. On April 29, 2026, Groupe Bruxelles Lambert sold 6,000,000 shares at $22.25. Meanwhile, CFO Valentine Andre purchased 2,500 shares at $27.95 on April 9, 2026. Additionally, President and CEO Christopher Caldwell acquired 1,000 shares at $26.97 on March 26, 2026.
Analysts Set New Price Targets
Baird reiterated its buy rating on June 30, 2026, with a price target of $30. On June 22, 2026, Barrington Research also maintained its buy rating, setting a target of $38. The consensus among analysts is a buy recommendation, with a mean target price of $41.25 across four analyst opinions.
About Concentrix Corporation
Concentrix Corporation, headquartered in Newark, California, is a global provider of customer experience (CX) solutions. It offers a range of services including process optimization, technology innovation, and business transformation services across various sectors such as technology, retail, and healthcare. The company, led by CEO Christopher A. Caldwell, employs approximately 455,000 people worldwide.
Bottom Line
Baird's reaffirmed buy rating and $30 price target reflect continued confidence in Concentrix Corporation's potential. Investors keep a close eye on such ratings as they provide insights into market expectations. It's important to remember that analyst ratings, like this one, are based on past and current data and may not reflect future performance.
Get Concentrix Corporation alerts
New 13F filings, insider trades, and analyst moves on $CNXC, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.