Jefferies Upgrades Exlservice (EXLS) to Buy

Jefferies analyst Surinder Thind upgraded Exlservice (NASDAQ: EXLS) from Hold to Buy with a price target of $42.00 (from $35.00).

The analyst comments: "We upgrade EXLS to Buy from Hold, and increase our price target to $42 from $35 as headwinds impacting the underlying business have likely bottomed. Valuation at 19x our 2025 adj EPS estimate is attractive in light of industry leading double-digit organic growth, and the resiliency of the business in the current environment. It is the only IT Services firm within its peer group to not see negative earnings revisions in 2024 vs. initial pre-guidance expectations."

For an analyst ratings summary and ratings history on Exlservice click here. For more ratings news on Exlservice click here.

Shares of Exlservice closed at $35.49 yesterday.

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