Here’s What the Wall Street Thinks About ExlService Holdings (EXLS)

​ExlService Holdings, Inc. (NASDAQ:EXLS) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On October 30, Puneet Jain from J.P. Morgan reiterated a Buy rating on ExlService Holdings, Inc. (NASDAQ:EXLS) but lowered the price target from $52 to $49. Earlier, on October 29, Bryan Bergin from TD Cowen also reiterated his Buy rating with a $52 price target.

The reiteration comes after the company reported strong fiscal Q3 2025 results on October 28, beating revenue and EPS estimates by $7.13 million and $0.01, respectively. Revenue grew 12% year-over-year to $530 million, and EPS rose 11% to $0.48, during the same time. Management attributed the double-digit growth to a 9% increase in its Insurance segment revenue, which benefited from clients transitioning to AI-powered operations. Notably, approximately 56% of total revenue came from ExlService’s data and AI-powered solutions and services.

In addition, more than 75% of the company’s revenue is recurring. Management expects both the insurance and Healthcare and Life Sciences to continue growing, driven by increased adoption of AI workflows. Consequently, full-year revenue guidance was raised to a range of $2.07 billion to $2.08 billion, up from the previous range of $2.050 billion to $2.07 billion.

​Analyst Bryan Bergin of TD Cowen commented that he expects the revenue growth trend to continue, driven by clients getting more comfortable with GenAI and agentic scaling.

​ExlService Holdings, Inc. (NASDAQ:EXLS) is a global data and AI company that provides services and solutions to enhance client business models, drive better outcomes, and unlock growth with speed.

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Disclosure: None. This article is originally published at Insider Monkey.