In-Depth Examination Of 4 Analyst Recommendations For Concentrix
Portfolio Pulse from Benzinga Insights
Analysts have recently evaluated Concentrix (NASDAQ:CNXC), with a mix of bullish and neutral ratings. The average 12-month price target has increased by 5.59% to $94.5. Concentrix shows strong revenue growth but faces challenges in profitability and asset utilization.
September 23, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Concentrix (NASDAQ:CNXC) has received mixed analyst ratings, with a recent increase in the average price target to $94.5, indicating a positive outlook. However, the company faces challenges in profitability and asset utilization despite strong revenue growth.
The increase in the average price target suggests a positive short-term outlook for CNXC. Analysts' mixed ratings reflect both optimism due to revenue growth and caution due to profitability challenges. The stock is likely to see upward movement due to the positive sentiment from the increased price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100