Research Analysts’ Recent Ratings Changes for ExlService (EXLS)

ExlService (NASDAQ: EXLS) has recently received a number of price target changes and ratings updates:

• 7/30/2026 – ExlService was given a new $43.00 price target by Barrington Research.
• 7/30/2026 – ExlService was given a new $45.00 price target by Robert W. Baird. They now have an “outperform” rating on the stock.
• 7/30/2026 – ExlService was upgraded by Robert W. Baird from “neutral” to “outperform”. They now have a $45.00 price target on the stock, up from $35.00.
• 7/29/2026 – ExlService had its price target raised by Needham & Company LLC from $40.00 to $45.00. They now have a “buy” rating on the stock.
• 7/9/2026 – ExlService had its “buy” rating reaffirmed by TD Cowen. They now have a $39.00 price target on the stock, down from $45.00.
• 6/30/2026 – ExlService was downgraded by Weiss Ratings from “hold (c-)” to “sell (d+)”.
• 6/25/2026 – ExlService had its “outperform” rating reaffirmed by Barrington Research. They now have a $40.00 price target on the stock.
• 6/17/2026 – ExlService had its “buy” rating reaffirmed by TD Cowen.
• 6/15/2026 – ExlService was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 12,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider directly owned 153,295 shares in the company, valued at $4,632,574.90. This represents a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the sale, the executive vice president directly owned 48,994 shares in the company, valued at $1,426,215.34. This represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,093 shares of company stock valued at $895,787 in the last 90 days. Insiders own 3.66% of the company’s stock.

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.