CNXC, US20602D1019

BofA cuts target to USD 29.00 for Concentrix stock

Published on 10/15/2026 at 21:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Concentrix reported USD 2.45 billion revenue in its third quarter. Concentrix stock costs EUR 24.57 on October 15, 2026 at 9:31 p.m. CEST.

Target, results and dividend

BofA Securities cut its Concentrix target to USD 29.00 on October 1, 2026.
Concentrix generated USD 2.45 billion of revenue in the third quarter of fiscal 2026.
Concentrix stock costs EUR 24.57 at Lang & Schwarz on October 15, 2026 at 9:31 p.m. CEST.
The company declared a USD 0.37 quarterly dividend payable on November 3, 2026.

CNXC, US20602D1019, Illustration mit AI erstellt.

BofA Securities cut its price target for Concentrix from USD 30.00 to USD 29.00 on October 1, 2026, while keeping a Neutral rating, according to Investing.com. Against the USD 27.43 Nasdaq price on October 15, 2026, the target stood 5.72 percent higher. Concentrix stock was trading at EUR 24.57 at Lang & Schwarz on October 15, 2026 at 9:31 p.m. CEST.

Revenue fell while adjusted margins held

Concentrix reported USD 2.45 billion of revenue for the third quarter of fiscal 2026, down 1.20 percent from USD 2.48 billion a year earlier. The company reported adjusted earnings per share of USD 2.92, up from USD 2.78 in the prior-year quarter.

The result also contained a USD 1.05 billion non-cash goodwill impairment charge. Concentrix therefore reported a GAAP operating loss of USD 910.3 million, while non-GAAP operating income rose 1.30 percent to USD 309.0 million and the non-GAAP operating margin reached 12.60 percent, compared with 12.30 percent a year earlier. These figures came from the company release dated September 29, 2026, published by Concentrix.

Price position and valuation

The Nasdaq price was USD 27.43 on October 15, 2026 at 3:33 p.m. ET, with a 52-week range of USD 19.12 to USD 48.08. The EUR quotation of 24.57 is the price used for German investors, while the primary-exchange figures remain in USD. The company had a market capitalization of USD 1.7 billion and a trailing P/E ratio of minus 0.70 on October 15, 2026. Its dividend yield was 0.05 percent.

Comparison with peers

Concentrix: P/E minus 0.70, market capitalization USD 1.7 billion.
TTEC Holdings (Nasdaq, USD): daily change 0.30 percent, P/E minus 0.38, market capitalization USD 80.8 million.
ExlService Holdings (Nasdaq, USD): daily change 5.01 percent, P/E 24.65, market capitalization USD 5.9 billion.

Dividend date is November 3

Concentrix declared a quarterly dividend of USD 0.37 per share payable on November 3, 2026, to shareholders of record on October 23, 2026. The company paid USD 0.36 per share on August 4, 2026. The dividend increase is a separate valuation marker from the analyst target and the third-quarter revenue decline.

Trading after the Xetra session

Concentrix provides customer-experience technology and services to more than 2,000 clients across more than 70 countries. Its latest quarterly release said that 50 percent of revenue came from business won and deployed within the previous three years. The combination of lower reported revenue, higher adjusted operating income and the goodwill charge leaves the target reduction as the clearest external valuation signal in the current picture.

The further course of trading is shown by the continuously updated real-time quote of Concentrix stock.