TD Cowen lowered the firm’s price target on ExlService (EXLS) to $45 from $51 and keeps a Buy rating on the shares. The firm said results showed fundamentals are solid but sentiment is tough. They expect FY26 guide to be exceeded once again to support low double digit organic revenue growth and low-to mid-teens EPS expansion, they see an undervalued asset on sale.
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Read More on EXLS:
- ExlService price target lowered to $46 from $54 at Stifel
- Exlservice: Data- and AI-Led Organic Growth, Conservative FY26 Outlook, and Undervalued Long-Term Buy Opportunity
- Exlservice Holdings: Strong Data & AI-Led Growth, Robust Pipeline, and Attractive Valuation Support Continued Buy Rating
- ExlService price target lowered to $35 from $50 at Baird
- ExlService reports Q4 adjusted EPS 50c, consensus 47c