CNXC, US20602D1019

BofA lowered its target for Concentrix stock to USD 29.00

Published on 10/08/2026 at 22:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 1.20 percent to USD 2.45 billion in fiscal 2026's third quarter. Concentrix stock traded at EUR 24.16 on October 8, 2026 versus EUR 23.49.

Key points in brief

BofA Securities lowered its Concentrix price target from USD 30.00 to USD 29.00 on October 1, 2026, while keeping a Neutral rating.
Fiscal third-quarter 2026 revenue fell 1.20 percent year over year to USD 2.45 billion, while non-GAAP diluted earnings per share rose to USD 2.92.
The Lang & Schwarz price was EUR 24.16 on October 8, 2026, plus 2.85 percent versus the EUR 23.49 prior close.

CNXC, US20602D1019, Illustration mit AI erstellt.

Concentrix stock received a lower price target from BofA Securities, which cut its view from USD 30.00 to USD 29.00 on October 1, 2026, while maintaining a Neutral rating, according to Investing.com. The move puts the analyst view only USD 4.84 above the EUR 24.16 Lang & Schwarz price in different currencies, so no direct percentage comparison is appropriate.

Results set the recent baseline

On September 29, 2026, Concentrix reported fiscal third-quarter revenue of USD 2,453.7 million, down 1.20 percent from USD 2,483.3 million a year earlier, in its release carried by Concentrix. The comparison is mixed: non-GAAP diluted earnings per share increased 5.00 percent to USD 2.92 from USD 2.78.

GAAP operating loss reached USD 910.3 million in the fiscal third quarter, including a USD 1,050.0 million non-cash goodwill impairment charge. Excluding specified items, non-GAAP operating income rose to USD 309.0 million from USD 305.1 million, lifting the margin to 12.60 percent from 12.30 percent, according to Concentrix.

What does the impairment mean?

The impairment explains why the headline GAAP loss is not a clean measure of operating progress for the fiscal third quarter. Cash flow from operations was USD 268.2 million, while adjusted free cash flow reached USD 218.3 million, giving investors a separate measure of cash generation.

Three dates frame the stock

The recent chronology has three measurable steps. On September 29, 2026, Concentrix reported USD 2,453.7 million of fiscal third-quarter revenue; on October 1, 2026, BofA Securities lowered its target to USD 29.00 from USD 30.00; and on October 8, 2026, the Lang & Schwarz price stood at EUR 24.16, up 2.85 percent from EUR 23.49.

The next two substantiated shareholder dates are October 23, 2026, when investors must be on the record for the declared dividend, and November 3, 2026, when the USD 0.37 per share quarterly dividend is payable, according to Concentrix.

Stock rises after-hours

Concentrix was trading at EUR 24.16 at 10:24 p.m. CEST on October 8, 2026, plus 2.85 percent versus the Lang & Schwarz prior close of EUR 23.49 on October 7, 2026. The primary listing is Nasdaq, where the finance quote showed USD 27.07 at 4:00 p.m. ET on October 8, 2026.

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