William Blair analyst Maggie Nolan has maintained their bullish stance on EXLS stock, giving a Buy rating today.
Maggie Nolan has given her Buy rating due to a combination of factors including ExlService Holdings’ strong financial performance and strategic positioning. The company reported a significant increase in revenue, surpassing market expectations, and has raised its revenue guidance for 2025. This growth is largely driven by their core segments, particularly healthcare and life sciences, as well as the substantial contribution from AI-driven services.
ExlService Holdings has demonstrated strong visibility into future revenue, with a high percentage of revenue already committed. The company’s ability to secure high-quality deals and maintain robust demand for its digital operations services, even amid economic uncertainties, further supports the positive outlook. Additionally, Exl’s expertise in digitization and analytics positions it as a valuable partner, enabling sustainable revenue growth over time. These factors collectively underpin Maggie Nolan’s Buy rating for the stock.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $52.00 price target.