CNXC Price Prediction Next Week
Technical Analysis:
Based on the technical analysis, CNXC has shown significant weakness in recent trading sessions. The stock is currently trading near its support levels, with key technical indicators suggesting a bearish trend continuation.
News Sentiment Analysis: Recent news indicates mixed sentiment for CNXC:
- Positive: Joel Greenblatt's model increased CNXC's rating from 70% to 80% based on earnings yield and fundamentals
- Negative: The stock has declined 36.66% over the past year
- Positive: Recognition as a leader in B2B sales services due to strategic AI integration
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Current Price: $45.16
- Expected Range: $43.50 - $47.00
- Most Likely Target: $44.25
Rationale:
- Downward pressure continues due to broader market uncertainty
- Technical indicators show oversold conditions but lacking reversal signals
- Recent positive news hasn't translated into price momentum
- Year-to-date performance of +3.72% shows limited upside potential
Recommendation: SELL
- Current technical setup suggests further downside risk
- Despite positive fundamental developments, price action remains weak
- Better to wait for clear reversal signals before considering long positions
- Set stop-loss at $47.50 if holding positions
Key Support/Resistance Levels:
- Strong Support: $43.50
- Weak Support: $44.75
- First Resistance: $46.25
- Major Resistance: $48.00
CNXC Similar Chart Price Prediction
The price of CNXC is predicted to go up -10.57%, based on the high correlation periods with IOVA. The similarity of these two price pattern on the periods is 96.78%.
CNXC
IOVA
Down: -10.57%Similarity: 96.78%
CNXC Revenue Forecast
CNXC EPS Forecast
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CNXC Analyst's Forecast
Joseph Vafi
Canaccord Genuity
Strong Buy
2025-01-16
Price Target
$100 → $80
Upside
+63.4%
Canaccord analyst Joseph Vafi lowered the firm's price target on Concentrix to $80 from $100 and keeps a Buy rating on the shares. The firm said while the macro remains a legitimate headwind across the company's end markets, they also believe that if AI were going to emerge as a true disruptor here, they would have seen some early signs by now.
Vincent Colicchio
Barrington Research
Buy
2024-09-26
Price Target
$84 → $70
Upside
+35.82%
Ruplu Bhattacharya
B of A Securities
Hold
2024-09-26
Price Target
$85 → $70
Upside
+35.82%
