Exponent upgraded to Outperform from Market Perform at William Blair

William Blair analyst Andrew Nicholas upgraded Exponent (EXPO) to Outperform from Market Perform. The firm believes strength in reactive demand, mid-single-digit headcount growth, and price realization will support the company’s return to “at least” high-single-digit revenue growth in 2026. The firm also believes Exponent will be a net beneficiary of artificial intelligence in the medium term. Blair sees an attractive valuation at current levels and likes Exponent’s setup over the next 12 months.