ExlService Holdings Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, ExlService Holdings stock has a consensus rating of "Buy" and an average price target of $41. The average 1-year stock price forecast is 48.12% higher than the current stock price, while the lowest is $35 (+26.45%) and the highest is $46 (+66.18%).

Price Target: $41 (+48.12%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$35	$41	$40	$46
Change	+26.45%	+48.12%	+44.51%	+66.18%

Analyst Ratings

The average analyst rating for ExlService Holdings stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	5	5	5	5	5	5
Buy	2	2	3	3	3	3
Hold	2	2	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	9	9	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bryan Bergin TD Cowen	TD Cowen	Buy Maintains $45 → $39	Buy	Maintains	$45 → $39	+40.90%	Jul 9, 2026
Vincent Colicchio Barrington	Barrington	Buy Maintains $40	Buy	Maintains	$40	+44.51%	Jun 25, 2026
Unknown Analyst Jefferies No rating	Jefferies	Buy Maintains $39	Buy	Maintains	$39	+40.90%	Jun 25, 2026
Maggie Nolan William Blair	William Blair	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Jun 25, 2026
David Grossman Stifel Nicolaus	Stifel Nicolaus	Buy Maintains $46	Buy	Maintains	$46	+66.18%	Jun 5, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.33B

from 2.09B

11.47%

from 2.09B

Revenue Next Year

2.58B

from 2.33B

10.69%

from 2.33B

EPS This Year

2.24

from 1.95

14.67%

from 1.95

EPS Next Year

2.51

from 2.24

12.33%

from 2.24

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.12B	1.41B	1.63B	1.84B	2.09B	2.33B
Revenue Growth	17.10%	25.82%	15.48%	12.74%	13.56%	11.47%
Gross Profit	431.36M	515.45M	607.77M	691.01M	801.08M	895.56M
Gross Margin	38.44%	36.50%	37.27%	37.59%	38.37%	38.48%
Operating Income	155.04M	191.21M	238.33M	263.91M	313.49M	350.91M
Net Income	114.76M	142.97M	184.56M	198.30M	251.02M	265.97M
EPS	-	-	-	-	1.95	2.24
EPS Growth	-	-	-	-	18.18%	14.67%
Forward PE	30.66	27.21	20.17	24.80	20.32	12.38
Free Cash Flow	127.65M	139.02M	138.52M	188.62M	257.52M	261.00M
No. Analysts	-	-	-	-	-	9

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	2.3B
Avg	2.3B
Low	2.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.5%
Avg	11.5%
Low	10.9%

EPS Forecast

EPS	2026	2027	2028
High	2.28
Avg	2.24
Low	2.21

EPS Growth

EPS Growth	2026	2027	2028
High	16.9%
Avg	14.7%
Low	13.3%