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.
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