EXLS, US3020811044

Wall Street Zen upgrades EXLS stock from Hold to Buy

Published on 10/07/2026 at 00:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 15.60 percent to USD 594.76 million. Six of seven analysts rate EXLS stock Buy, with a USD 44.50 average target on October 2, 2026.

EXLS, US3020811044, Illustration mit AI erstellt.

ExlService Holdings, Inc. (US3020811044) had a prior close of EUR 31.45 at Lang & Schwarz on October 5, 2026. Wall Street Zen upgraded EXLS from Hold to Buy in a report dated September 26, 2026, as MarketBeat reported.

Growth backs the upgrade

EXL reported second-quarter 2026 revenue of USD 594.76 million, up 15.60 percent from the same quarter a year earlier. According to Benzinga, adjusted earnings per share reached USD 0.59, up 22.00 percent year over year.

The quarter also exceeded the USD 573.94 million revenue consensus by USD 20.82 million, while adjusted earnings per share surpassed the USD 0.55 expectation by USD 0.04. That combination gives the Buy upgrade a measurable operating basis rather than relying only on a valuation argument.

AI mix raises the stakes

Data and AI-led revenue grew 30.00 percent year over year in the second quarter of 2026 and represented 61.00 percent of total revenue, according to Benzinga. Digital operations revenue declined 1.50 percent, showing that EXL is shifting part of its business toward higher-value data and AI work.

Management raised 2026 revenue guidance to USD 2.39 billion to USD 2.415 billion from USD 2.30 billion to USD 2.33 billion. The revised range implies 14.00 percent to 16.00 percent reported growth and includes USD 28.00 million to USD 32.00 million from the iMerit acquisition, while adjusted earnings per share guidance stands at USD 2.25 to USD 2.29.

Report adds operating context

EXL published its seventh annual sustainability report on September 30, 2026. The report covered 2025 and cited a 64.00 percent reduction in combined Scope 1 and 2 emissions from the 2019 baseline, plus renewable energy representing 54.00 percent of the company's global energy portfolio, according to EXL. Those figures broaden the current investor discussion beyond quarterly growth and connect responsible AI governance with the company's operating platform.

Stock valuation stays measurable

Finance data placed EXLS market capitalization at USD 5.4 billion on October 6, 2026, with a 52-week range of USD 24.85 to USD 43.88. The same-day primary-market quote was USD 35.41 on Nasdaq at 4:00 p.m. ET, placing the stock between those bounds while the euro reference remains separate.

The last Lang & Schwarz close was EUR 31.45 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of ExlService Holdings stock.