Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Exlservice Holdings (EXLS) today and set a price target of $71. The company’s shares closed on Friday at $58.79.
Foresi commented:
“Our Overweight rating on EXLServices is based on our belief Analytics will power growth going forward. EXLS has a strong balance sheet from which to potentially perform accretive acquisitions, which we see as an opportunity and driver of results. The core tenets of our investment thesis are in place and the risk/reward remains favorable, in our opinion. Valuation Summary EXLS deserves multiple ahead of the group.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.6% and a 76.2% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Exlservice Holdings is a Moderate Buy with an average price target of $70.50, a 19.9% upside from current levels. In a report issued on October 23, Barrington also maintained a Buy rating on the stock with a $70 price target.
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Exlservice Holdings’ market cap is currently $2.02B and has a P/E ratio of 41.99. The company has a Price to Book ratio of 3.44.
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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.
