ExlService Holdings, Inc. (EXLS)

ExlService Holdings Stock Forecast

Stock Price Forecast

The 4 analysts that cover ExlService Holdings stock have a consensus rating of "Strong Buy" and an average price target of $54.5, which forecasts a 40.43% increase in the stock price over the next year. The lowest target is $52 and the highest is $57.

Price Target: $54.5 (+40.43%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$52	$54.5	$55	$57
Change	+33.99%	+40.43%	+41.72%	+46.87%

* Price targets were last updated on Aug 20, 2025.

Analyst Ratings

The average analyst rating for ExlService Holdings stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	5	5	4	4	4	3
Buy	1	1	1	1	1	1
Hold	1	1	1	1	1	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	6	6	6	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Puneet Jain JP Morgan	JP Morgan	Buy Maintains $56 → $52	Buy	Maintains	$56 → $52	+33.99%	Aug 20, 2025
Mayank Tandon Needham	Needham	Strong Buy Reiterates $55	Strong Buy	Reiterates	$55	+41.72%	Jun 3, 2025
Puneet Jain JP Morgan	JP Morgan	Buy Maintains $52 → $53	Buy	Maintains	$52 → $53	+36.56%	May 1, 2025
David Grossman Stifel	Stifel	Strong Buy Maintains $48 → $54	Strong Buy	Maintains	$48 → $54	+39.14%	Feb 27, 2025
Mayank Tandon Needham	Needham	Strong Buy Maintains $50 → $60	Strong Buy	Maintains	$50 → $60	+54.60%	Feb 27, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.12B

Increased by 15.21%

from 1.84B

Revenue Next Year

2.36B

Increased by 11.43%

from 2.12B

EPS This Year

1.95

Increased by 61.17%

from 1.21

EPS Next Year

2.23

Increased by 14.49%

from 1.95

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	958.43M	1.12B	1.41B	1.63B	1.84B	2.12B	2.36B
Revenue Growth	-3.32%	17.10%	25.82%	15.48%	12.74%	15.21%	11.43%
EPS	0.52	0.67	0.85	1.10	1.21	1.95	2.23
EPS Growth	32.82%	29.34%	26.87%	29.41%	10.00%	61.17%	14.49%
Forward PE	-	-	-	-	-	19.90	17.38
No. Analysts	-	-	-	-	-	12	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	2.2B	2.4B
Avg	2.1B	2.4B
Low	2.0B	2.3B

Revenue Growth

Revenue Growth	2025	2026	2027
High	19.0%	15.3%
Avg	15.2%	11.4%
Low	10.2%	6.2%

EPS Forecast

EPS	2025	2026	2027
High	2.03	2.35
Avg	1.95	2.23
Low	1.86	2.09

EPS Growth

EPS Growth	2025	2026	2027
High	67.5%	20.6%
Avg	61.2%	14.5%
Low	53.6%	7.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.