Barrington Lowers Concentrix (CNXC) Target Following Mixed Q1 Signals [Yahoo! Finance]
Concentrix Corporation (CNXC)
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Source: Yahoo! Finance
Barrington Lowers Concentrix (CNXC) Target Following Mixed Q1 Signals Photo by Annie Spratt on Unsplash On March 25, Barrington lowered its price recommendation on Concentrix Corporation (NASDAQ:CNXC) to $38 from $62. It reiterated an Outperform rating following the fiscal Q1 report. The firm said the company gained both market share and wallet share during the quarter. At the same time, it pointed to higher execution risk, citing the “slippage” reported in the period as the main reason for the target cut. During the Q1 2026 earnings call, President and CEO Christopher Caldwell highlighted strong momentum in technology-driven deals. Wins in this category increased 61% year over year. He said the signed annual contract value for solutions, including AI, more than doubled sequentially. The company also closed nearly 60 enterprise iX suite deals during the quarter, including its largest iX Hero contracts so far with two Fortune 50 companies. He emphasized a continued focus on prop
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CNXC
News
- Concentrix (CNXC) was downgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=CNXC&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "buy" to "hoMarketBeat
- Concentrix Corporation Just Missed EPS By 63%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Concentrix (CNXC) had its price target lowered by Barrington Research from $62.00 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
- Concentrix (CNXC) had its price target lowered by Canaccord Genuity Group Inc. from $80.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Concentrix (CNXC) had its price target lowered by Robert W. Baird from $52.00 to $40.00. They now have an "outperform" rating on the stock.MarketBeat
CNXC
Earnings
- 3/24/26 - Beat
CNXC
Sec Filings
- 3/30/26 - Form 4
- 3/27/26 - Form 4
- 3/27/26 - Form 4
- CNXC's page on the SEC website