Exlservice Holdings, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Bryan Bergin from TD Cowen reiterated a Buy rating on the stock and has a $52.00 price target.
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Bryan Bergin has given his Buy rating due to a combination of factors highlighting Exlservice Holdings’ strong performance and strategic positioning. The company has demonstrated robust growth, particularly in the Data & AI-led services sector, which aligns well with evolving technological trends. This sector now constitutes a significant portion of their business, showcasing their adaptability and forward-thinking approach.
Exlservice Holdings has also shown financial prudence and flexibility, evidenced by their capital deployment strategies, such as the $125 million accelerated share repurchase program. Despite broader market pressures, the company maintains a strong growth trajectory with a solid revenue base. Their ability to manage expectations and maintain stability in uncertain macroeconomic conditions further supports Bergin’s confidence in their continued success, leading to the reiterated Buy rating.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXLS in relation to earlier this year.