Cavendish raises Concurrent Technologies target to 302p after record results

What Brokers Say Tech Written by: Ian Lyall 09:15 Mon 07 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Concurrent Technologies ( AIM:CNC ) View Price & Profile Cavendish raises Concurrent Technologies target to 302p after record results Published: 09:15 07 Sep 2026 BST Cavendish PLC (AIM:CAV) has raised its price target for Concurrent Technologies (AIM:CNC) to 302p from 256p after the embedded computing company reported record first-half results. The broker maintained its 'buy' rating on the AIM-listed company, whose shares it said now traded at 39.1 times forecast earnings for the current financial year. Order intake at Concurrent , which designs high-end embedded computer systems for critical applications, surged around 110% to £46.9 million in the six months to June. Cavendish noted that even excluding a roughly £17 million multi-year contract from a European customer, order intake of about £30 million still exceeded the previous first-half record. The broker said revenue of £23.2 million represented 44.6% of its £52 million full-year forecast, with the past three years showing an average 58% weighting towards the second half. Cavendish pointed to a turnaround in Concurrent's Systems division, whose gross margin nearly doubled to 26.3% as the unit returned to profit. Design wins across the company's Products and Systems businesses now carry a projected lifetime value of around £129 million. Cavendish highlighted management guidance that full-year revenue is expected to be materially ahead of the £52 million consensus forecast, with profit also expected to exceed £8 million. The broker is keeping its forecasts unchanged for now, including an adjusted earnings per share estimate of 6.8p for the year. Cavendish said its new target price reflected valuation multiples in line with Concurrent's immediate peer group, implying upside of around 14% from the share price of 265p. Continue reading