Concentrix: AI Doesn't Seem An Imminent Risk And Valuation Is Cheap [Seeking Alpha]
Concentrix Corporation (CNXC)
US:NYSE Investor Relations:
ccrlp.investorroom.com
Company Research
Source: Seeking Alpha
AI has raised doubts about whether it could replace the services of Concentrix, but I don't find evidence to think that this will be the case. In a scenario where AI doesn't have the negative impact that market expects, +20% annual returns with conservative assumptions could be obtained. Investment Thesis The emergence of generative AI has produced many winners in recent months, but there're always two sides to the story and companies like Concentrix (NASDAQ: CNXC) are an example of this, since market has been punishing them heavily in the last year because of the rise of AI. However, I do not find evidence to conclude that artificial intelligence has the capacity to replace the services of customer support companies and rather it will be just another tool, which would make the current valuation end up being ridiculously cheap, which is why I think that at current valuation Concentrix would be a strong buy. Business Model Concentrix offers outsourcing services with a focu
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CNXC
News
- Concentrix Co. (NASDAQ: CNXC) had its price target lowered by analysts at Scotiabank from $120.00 to $85.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Concentrix Named a Leader and Star Performer in Everest Group's Trust and Safety Services PEAK Matrix® Assessment 2024 [Yahoo! Finance]Yahoo! Finance
- Concentrix Named a Leader and Star Performer in Everest Group’s Trust and Safety Services PEAK Matrix® Assessment 2024GlobeNewswire
- ???????????? ???????????????????????????????????????????????????????????????????????? 2566PR Web
- /C O R R E C T I O N -- Concentrix/ [Yahoo! Finance]Yahoo! Finance
CNXC
Earnings
- 3/26/24 - Beat
CNXC
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form 8-K
- 4/22/24 - Form 4
- CNXC's page on the SEC website