ExlService (NASDAQ:EXLS) Price Target Raised to $48.00

Key Points

• Barrington Research raised ExlService’s price target from $43 to $48 and maintained an “outperform” rating, implying 16.73% potential upside. The stock has a “Moderate Buy” consensus rating and an average target of $48.17.
• ExlService reported strong quarterly results, with revenue rising 19.7% year over year to $633.96 million and EPS of $0.62, beating analysts’ $0.56 estimate.
• Shares rose 1% to $41.12, while analyst support broadened as TD Cowen, Stifel Nicolaus, and JPMorgan also raised their price targets; institutional investors own 92.92% of the stock.

ExlService (NASDAQ:EXLS - Get Free Report) had its price target hoisted by Barrington Research from $43.00 to $48.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Barrington Research's price target would indicate a potential upside of 16.73% from the company's previous close.

A number of other research firms have also recently commented on EXLS. TD Cowen boosted their price target on ExlService from $45.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday. Robert W. Baird set a $45.00 target price on ExlService and gave the stock an "outperform" rating in a report on Thursday, July 30th. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Stifel Nicolaus raised their price objective on shares of ExlService from $46.00 to $48.00 and gave the company a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of ExlService from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.17.

ExlService Trading Up 1.0%

ExlService stock traded up $0.40 during trading hours on Thursday, reaching $41.12. 3,429,119 shares of the stock were exchanged, compared to its average volume of 2,345,690. The company has a market cap of $6.23 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 1.70 and a beta of 0.84. ExlService has a twelve month low of $24.85 and a twelve month high of $43.88. The stock has a 50 day moving average of $37.16 and a two-hundred day moving average of $32.81.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. The company had revenue of $633.96 million during the quarter, compared to analysts' expectations of $615.51 million. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. On average, analysts expect that ExlService will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $35.38, for a total value of $389,180.00. Following the transaction, the insider owned 109,295 shares in the company, valued at approximately $3,866,857.10. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company's stock.

Institutional Investors Weigh In On ExlService

Several large investors have recently modified their holdings of EXLS. MeadowBrook Investment Advisors LLC bought a new stake in shares of ExlService during the third quarter worth about $119,000. Vise Technologies Inc. lifted its position in ExlService by 40.9% in the 3rd quarter. Vise Technologies Inc. now owns 32,354 shares of the business services provider's stock valued at $1,112,000 after acquiring an additional 9,384 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in ExlService by 8.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 85,600 shares of the business services provider's stock valued at $2,943,000 after acquiring an additional 6,600 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd acquired a new position in ExlService during the 3rd quarter valued at about $14,505,000. Finally, Park Avenue Securities LLC acquired a new position in ExlService during the 3rd quarter valued at about $312,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService News Roundup

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Strong Q3 performance: ExlService reported third-quarter revenue of approximately $633.96 million, up 19.7% year over year, while adjusted earnings reached $0.62 per share versus the $0.56 consensus estimate. Net income was $68.77 million. ExlService Q3 earnings and revenue results
• Positive Sentiment: Raised full-year outlook: Management increased its 2026 earnings guidance, reinforcing expectations for continued growth driven by data, analytics and artificial-intelligence services. ExlService raises 2026 earnings guidance
• Positive Sentiment: OpenAI partnership: EXL was named an OpenAI Select Partner, giving it access to resources and support to develop, market and deliver OpenAI-based solutions. The designation may strengthen the company’s positioning in enterprise AI and regulated industries. EXL named an OpenAI Select Partner
• Positive Sentiment: New regulated-AI initiative: ExlService debuted iMerit Scholars, which is intended to support specialized AI work in regulated sectors and could expand the company’s higher-value AI offerings. ExlService debuts iMerit Scholars
• Positive Sentiment: Broad analyst support: JPMorgan raised its target to $49 and maintained an “overweight” rating; TD Cowen lifted its target to $49 with a “buy” rating; Stifel raised its target to $48 with a “buy” rating; and Needham increased its target to $50 with a “buy” rating. The revisions reflect improving confidence in EXLS’s growth and AI strategy.

ExlService Company Profile

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.

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