Thursday, October 01, 2026
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
A clearer path forward. At its Investor Day held on September 30 in New York, Conduent outlined ASCEND 2026-28, a three-year framework to transition the company from restructuring and portfolio simplification to consistent, profitable growth. The strategy centers on three priorities: Standardize operations and infrastructure, Specialize in core solutions, and Scale the company’s go-to-market capabilities.
Targets provide visibility through 2028. Management expects revenue of $2.15 billion-$2.25 billion in both 2026 and 2027, increasing to $2.25 billion-$2.35 billion in 2028. Adjusted EBITDA is expected to increase from $140 million-$170 million in 2026 to $170 million-$200 million in 2027 and $210 million-$250 million in 2028, with meaningful margin expansion anticipated.
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