Barrington Research Starts Concentrix Corp. (CNXC) at Outperform

Barrington Research analyst Vincent Colicchio initiates coverage on Concentrix Corp. (NASDAQ: CNXC) with an Outperform rating and a price target of $182.00.

The analyst commented, "The company is targeting the global customer experience management (CXM) services market, which is large and under-penetrated. According to Everest Group, the outsourced portion of the CXM solutions and services industry worldwide was estimated between $83 billion and $85 billion in 2020, and it grew at a compound annual growth rate (CAGR) of approximately 1% from 2017 to 2020 due to COVID-related lockdowns. We expect growth to increase significantly in 2021 as the business environment improves."

For an analyst ratings summary and ratings history on Concentrix Corp. click here. For more ratings news on Concentrix Corp. click here.

Shares of Concentrix Corp. closed at $152.13 yesterday.

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