Barrington Research Forecasts Strong Price Appreciation for ExlService (NASDAQ:EXLS) Stock

ExlService (NASDAQ:EXLS) had its price target boosted by Barrington Research from $43.00 to $48.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research‘s price objective suggests a potential upside of 16.73% from the company’s previous close.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings raised ExlService from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Robert W. Baird set a $45.00 price target on ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. Needham & Company LLC lifted their price target on ExlService from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.17.

ExlService Price Performance

Shares of NASDAQ EXLS traded up $0.40 during trading on Thursday, hitting $41.12. The stock had a trading volume of 3,429,119 shares, compared to its average volume of 2,345,690. The firm has a fifty day moving average of $37.16 and a two-hundred day moving average of $32.81. The company has a market capitalization of $6.23 billion, a PE ratio of 25.86, a PEG ratio of 1.70 and a beta of 0.84. ExlService has a 12 month low of $24.85 and a 12 month high of $43.88.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. During the same period last year, the firm earned $0.48 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. On average, equities analysts expect that ExlService will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $35.38, for a total transaction of $389,180.00. Following the completion of the transaction, the insider directly owned 109,295 shares of the company’s stock, valued at $3,866,857.10. This represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ExlService

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of ExlService in the second quarter worth $488,370,000. Bank of America Corp DE purchased a new stake in ExlService during the 2nd quarter worth about $48,189,000. Bank of New York Mellon Corp bought a new position in ExlService in the 2nd quarter worth about $25,214,000. Deutsche Bank AG bought a new position in ExlService in the 2nd quarter worth about $19,355,000. Finally, Bank of Nova Scotia purchased a new position in ExlService during the 2nd quarter valued at about $17,821,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

More ExlService News

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.