ExlService Holdings Stock Forecast

Stock Price Forecast

The 6 analysts that cover ExlService Holdings stock have a consensus rating of "Strong Buy" and an average price target of $44.17, which forecasts a 42.12% increase in the stock price over the next year. The lowest target is $40 and the highest is $51.

Price Target: $44.17 (+42.12%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$40	$44.17	$45	$51
Change	+28.70%	+42.12%	+44.79%	+64.09%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	4	4	4	4	4	4
Buy	1	1	1	1	2	2
Hold	1	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	5	5	5	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vincent Colicchio Barrington Research	Barrington Research	Hold → Buy Upgrades $40	Hold → Buy	Upgrades	$40	+28.70%	Apr 30, 2026
Puneet Jain JP Morgan	JP Morgan	Buy Maintains $42 → $43	Buy	Maintains	$42 → $43	+38.35%	Apr 30, 2026
Jared Levine TD Cowen	TD Cowen	Strong Buy Maintains $51 → $45	Strong Buy	Maintains	$51 → $45	+44.79%	Feb 26, 2026
David Grossman Stifel	Stifel	Strong Buy Maintains $54 → $46	Strong Buy	Maintains	$54 → $46	+48.01%	Feb 26, 2026
Mayank Tandon Needham	Needham	Strong Buy Maintains $55 → $40	Strong Buy	Maintains	$55 → $40	+28.70%	Feb 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.37B

from 2.09B

13.28%

from 2.09B

Revenue Next Year

2.62B

from 2.37B

10.66%

from 2.37B

EPS This Year

2.27

from 1.54

47.41%

from 1.54

EPS Next Year

2.54

from 2.27

11.84%

from 2.27

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.12B	1.41B	1.63B	1.84B	2.09B	2.37B	2.62B
Revenue Growth	17.10%	25.82%	15.48%	12.74%	13.56%	13.28%	10.66%
EPS	0.67	0.85	1.10	1.21	1.54	2.27	2.54
EPS Growth	29.34%	26.87%	29.41%	10.00%	27.27%	47.41%	11.84%
Forward PE	-	-	-	-	-	13.69	12.24
No. Analysts	-	-	-	-	-	12	12

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

Revenue Forecast

Revenue	2026	2027
High	2.5B	2.7B
Avg	2.4B	2.6B
Low	2.3B	2.5B

Revenue Growth

Revenue Growth	2026	2027
High	17.5%	15.6%
Avg	13.3%	10.7%
Low	7.8%	3.8%

EPS Forecast

EPS	2026	2027
High	2.39	2.73
Avg	2.27	2.54
Low	2.14	2.31

EPS Growth

EPS Growth	2026	2027
High	55.5%	20.3%
Avg	47.4%	11.8%
Low	38.7%	1.9%

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 sources.