11 Best Affordable AI Stocks to Buy Now

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8. Concentrix Corporation (NASDAQ:CNXC)

Forward P/E: 3.29

Stock Upside Potential: 66.62%

Number of Hedge Fund Holders: 23

Concentrix Corporation (NASDAQ:CNXC) is one of the best affordable AI stocks to buy now. On December 9, the company confirmed that its intelligent experience iX Product Suite has been certified, having met leading artificial intelligence governance, privacy, and security standards. The iX suite, a collection of AI-powered products, is designed to improve the customer experience and has received certification under the Artificial Intelligence Management System standard. The certification represents the first global standard tailored for AI governance.

The standard underscores the company’s commitment to ethical AI deployment. It will also provide clients with assurance regarding the governance standards of the technology offerings.

“Together with our clients, we’re continuing to invest in what’s next for AI and we’re seeing real momentum as more organizations turn our solutions into measurable business results,” said Chris Caldwell, President and CEO of Concentrix.

On November 24, Robert W. Baird analyst David Koning reaffirmed a Buy rating on Concentrix with a $62 price target, citing strong demand for higher-margin services, AI-driven solutions, and strategic growth initiatives. Concentrix is expected to achieve 12-13% EPS growth in 2026, supported by organic revenue growth, margin expansion, lower interest expenses, and share reductions.

Its expanding presence in trust and safety, content moderation, and software services further boosts revenue. Despite challenges like slower post-COVID volume growth and offshore shifts, the company aims for over 5% long-term organic growth. Barrington also maintained a Buy rating with the same target.

Meanwhile, on November 20, S&P Global downgraded the stock to BBB- from BBB, citing slower-than-expected earnings growth and deleveraging. According to the ratings firm, margin headwinds have overshadowed the company’s positive quarterly revenue trends.

Concentrix Corporation (NASDAQ:CNXC) is a global technology and services company that helps businesses modernize operations. It leverages AI to transform the customer experience (CX), building and deploying intelligent agents, automating tasks, and providing real-time agent assistance.

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