12 Best Affordable Tech Stocks to Buy According to Analysts

5. Concentrix Corp. (NASDAQ:CNXC)

Current Share Price: $45.2; Forward P/E: 4.0

Upside Potential: 44%

Number of Hedge Fund Holders: 29

Concentrix Corp. (NASDAQ:CNXC) is primarily a business process outsourcing company specializing in customer experience (CX) solutions. It offers end-to-end capabilities such as CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services.

For FY 2024, the company reported operating income of $1.32 billion, with a margin of 13.7%. Revenue for the year grew 35% on a reported basis, but adjusting for the WebHelp acquisition, revenue was up a modest 2.7%. For FY 2025, revenue is expected to be between $9.47 billion to $9.61 billion, reflecting a growth of 0% to 1.5% YoY. Looking ahead, the company expects to focus on expanding its global footprint, continuously modernizing technology and transforming client operations to drive business growth.

On March 24, Barrington analyst Vincent Colicchio reaffirmed his Outperform rating on Concentrix Corp. (NASDAQ:CNXC) but lowered the price target from $70 to $54 after factoring in the company’s Q4 results. The adjustment by the analyst reflects a reduced valuation multiple and a downward revision in fiscal 2025 revenue, adjusted EBITDA, and non-GAAP earnings estimates, indicating slower growth. However, the analyst remains optimistic about Concentrix’s long-term prospects, citing its strong pipeline, expansion into artificial intelligence solutions, new client acquisitions in Europe, and a shift away from low-value transactions as key drivers of future growth.