Cantor Fitzgerald Sticks to Its Buy Rating for Exlservice Holdings


Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Exlservice Holdings (NASDAQ: EXLS) today and set a price target of $71. The company’s shares opened today at $59.64.

Foresi commented:

“. We maintain our Overweight rating and our 12-month PT of $71 on shares of EXLS. The core tenets of our thesis remain in place. The company provided additional color on the closing of SCIO, a healthcare acquisition complementing EXL’s healthcare assets, and updated guidance. We believe the acquisition is beneficial to EXLS and will provide new opportunities.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.3% and a 87.2% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Exlservice Holdings has an analyst consensus of Strong Buy, with a price target consensus of $68.67.

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Exlservice Holdings’ market cap is currently $2.06B and has a P/E ratio of 38.10. The company has a Price to Book ratio of 3.43.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.

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ExlService Holdings, Inc. is an operations management and analytics company, which engagegs in the provision of business process management. It operates through the following segments: Insurance; Healthcare; Travel, Transportation, and Logistics; Finance and Accounting; Analytics; and All Other.

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