Exlservice (EXLS) PT Raised to $45; TD Cowen: 'Outperformance Is Becoming Harder To Ignore'

TD Cowen analyst Bryan Bergin raised the price target on Exlservice (NASDAQ: EXLS) to $45.00 (from $43.00) while maintaining a Buy rating.

The analyst commented: "Management Meeting Takeaways; Outperformance Is Becoming Harder To Ignore; Investor meeting w/ EXLS CFO & IR conveyed consistent positive messaging on demand & sustainability of industry-leading growth. Broad Data & AI-led momentum, int'l emphasis & healthy ops. Shares may largely ebb & flow w/ AI fund flow; however, its fundamental outperformance vs peers & IT Services is becoming more appreciated as it benefits from scaling AI/IP. Remains top Services pick; PT to $45."

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