In a report released today, Vincent Colicchio from Barrington assigned a Buy rating to Concentrix (CNXC – Research Report), with a price target of $202.00. The company’s shares closed last Thursday at $160.51.
According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 13.8% and a 58.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Exlservice Holdings, and Insight Enterprises.
Concentrix has an analyst consensus of Moderate Buy, with a price target consensus of $211.00.
Concentrix’s market cap is currently $8.42B and has a P/E ratio of 19.85.
Based on the recent corporate insider activity of 57 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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