Baird Rates Concentrix (CNXC) buy, $30 Price Target
Concentrix Corp gets a reaffirmed buy rating from Baird with a $30 target, a 33.90% upside from the current price.
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Baird rated Concentrix Corporation ($CNXC) "buy" with a $30 price target on June 30, 2026.
Since the rating, $CNXC is up 2.0% after 1 week, up 13.0% after 1 month and up 26.4% to date (from the $22.04 close on Jun 30, 2026).
CNXC
Concentrix Corporation
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.
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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
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Concentrix Corporation Stock Down 19.6%
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
Concentrix Corporation daily closes and this analyst's $30 target. Not 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.
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Source: Baird's rating change on $CNXC (Jun 30, 2026). Written by software, not financial advice. How we make alerts