Vincent Colicchio, an analyst from Barrington, maintained the Buy rating on Concentrix. The associated price target remains the same with $62.00.
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Vincent Colicchio has given his Buy rating due to a combination of factors that highlight Concentrix’s promising growth trajectory. The company’s revenue for fiscal Q3/25 is expected to align with the FactSet consensus, showing a year-over-year increase driven by strong performance in sectors such as retail, travel, ecommerce, banking, financial services, and technology. This growth is complemented by a robust sales pipeline and investments in new products, which are anticipated to enhance revenue momentum in the latter half of fiscal 2025 and into 2026.
Furthermore, Colicchio notes that while the adjusted EBITDA is slightly below consensus expectations, the margins are projected to improve sequentially. The fiscal 2025 outlook remains positive, with revenue and non-GAAP EPS forecasts closely matching consensus estimates. The recommendation for an OUTPERFORM rating with a 12-month price target of $62 reflects confidence in Concentrix’s ability to capitalize on its strategic initiatives and deliver improved financial performance in the coming years.
According to TipRanks, Colicchio is a 5-star analyst with an average return of 10.4% and a 55.96% success rate. Colicchio covers the Technology sector, focusing on stocks such as Asure, Exlservice Holdings, and Insight Enterprises.
In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $80.00 price target.