ExlService Holdings, Inc.

EXLSNASDAQTechnologyInformation Technology Services

$42.30- (-)1Y +3.85%

As of Oct 23, 2026 close

Market cap: $6.46B
P/E (TTM): 25.86
Forward P/E: 25.59
Dividend yield: -
52-week range: $24.85$43.88
Volume (live): -
Avg. volume (3M): 2.13M

ExlService Holdings, Inc. (EXLS) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for ExlService Holdings, Inc. stock.

Analyst Consensus Rating

Investment consensus from 10 professional research analysts

Consensus Rating

Buy

Based on 10 unique analysts

(11 total ratings in last 90 days)

High Confidence∞:1 Buy/Sell

Average Price Target

$44.43

+5.04% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest EXLS Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 15, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Oct 1, 2026	Vincent Colicchio	Barrington	Maintains	Buy	$43.00
Sep 8, 2026	Maggie Nolan	William Blair	Maintains	Buy	-
Aug 27, 2026	Bryan Bergin	TD Cowen	Reiterates	Buy	$43.00 → $45.00 +2.00 (+4.7%)
Aug 19, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Buy	-
Jul 31, 2026	Unknown Analyst	Jefferies	Reiterates	Buy	$39.00
Jul 30, 2026	Puneet Jain	JP Morgan	Reiterates	Buy	$43.00 → $48.00 +5.00 (+11.6%)
Jul 30, 2026	David Koning	Baird	Upgrades	Buy	$35.00 → $45.00 +10.00 (+28.6%)
Jul 29, 2026	David Grossman	Stifel Nicolaus	Maintains	Buy	$46.00
Jul 29, 2026	Mayank Tandon	Needham	Maintains	Buy	$40.00 → $45.00 +5.00 (+12.5%)
Jul 27, 2026	Shrabana Mukherjee	TopStockAnalysts	Initiates Coverage	Buy	-

Zacks Equity Research

HoldInitiates Coverage

Oct 15

Vincent Colicchio

Barrington

BuyMaintains

$43.00

Oct 1

Maggie Nolan

William Blair

BuyMaintains

Sep 8

Bryan Bergin

TD Cowen

BuyReiterates

$43.00 → $45.00

Aug 27

Zacks Equity Research

BuyInitiates Coverage

Aug 19

Unknown Analyst

Jefferies

BuyReiterates

$39.00

Jul 31

Puneet Jain

JP Morgan

BuyReiterates

$43.00 → $48.00

Jul 30

David Koning

Baird

BuyUpgrades

$35.00 → $45.00

Jul 30

David Grossman

Stifel Nicolaus

BuyMaintains

$46.00

Jul 29

Mayank Tandon

Needham

BuyMaintains

$40.00 → $45.00

Jul 29

Shrabana Mukherjee

TopStockAnalysts

BuyInitiates Coverage

Jul 27

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 15, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for EXLS?

The analyst consensus rating for EXLS is Buy, based on the latest ratings from 10 analysts over the last 90 days.

What is the average price target for EXLS?

The average 12-month price target for EXLS is $44.43, representing an upside of 5.0% from the Oct 23, 2026 close of $42.30.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.