ExlService Holdings Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for ExlService Holdings stock have an average target of 46.8, with a low estimate of 40 and a high estimate of 52. The average target predicts an increase of 46.57% from the current stock price of 31.93.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$40	$46.8	$46	$52
Change	+25.27%	+46.57%	+44.07%	+62.86%

Analyst Ratings

The average analyst rating for ExlService Holdings stock from 5 stock analysts 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	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	4	4	4	4	4	4
Buy	1	1	1	1	1	1
Hold	1	1	1	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jared Levine TD Cowen	TD Cowen	Strong Buy Maintains $51 → $45	Strong Buy	Maintains	$51 → $45	+40.93%	Feb 26, 2026
David Grossman Stifel	Stifel	Strong Buy Maintains $54 → $46	Strong Buy	Maintains	$54 → $46	+44.07%	Feb 26, 2026
Mayank Tandon Needham	Needham	Strong Buy Maintains $55 → $40	Strong Buy	Maintains	$55 → $40	+25.27%	Feb 26, 2026
Bryan Bergin TD Cowen	TD Cowen	Strong Buy Maintains $52 → $51	Strong Buy	Maintains	$52 → $51	+59.72%	Jan 9, 2026
Puneet Jain JP Morgan	JP Morgan	Buy Maintains $56 → $52	Buy	Maintains	$56 → $52	+62.86%	Aug 20, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.36B

from 2.09B

12.85%

from 2.09B

Revenue Next Year

2.61B

from 2.36B

10.65%

from 2.36B

EPS This Year

2.23

from 1.54

44.53%

from 1.54

EPS Next Year

2.50

from 2.23

12.33%

from 2.23

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	2.36B	2.61B
Revenue Growth	17.10%	25.82%	15.48%	12.74%	13.56%	12.85%	10.65%
EPS	0.67	0.85	1.10	1.21	1.54	2.23	2.50
EPS Growth	29.34%	26.87%	29.41%	10.00%	27.27%	44.53%	12.33%
Forward PE	-	-	-	-	-	14.35	12.77
No. Analysts	-	-	-	-	-	12	11

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

Revenue Forecast

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

Revenue Growth

Revenue Growth	2026	2027
High	17.0%	16.1%
Avg	12.9%	10.7%
Low	7.8%	4.2%

EPS Forecast

EPS	2026	2027
High	2.31	2.67
Avg	2.23	2.50
Low	2.12	2.31

EPS Growth

EPS Growth	2026	2027
High	50.0%	19.8%
Avg	44.5%	12.3%
Low	37.5%	3.9%

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 disclaimer.