Barrington analyst Vincent Colicchio upgraded ExlService to Outperform from Market Perform with a $40 price target. The firm believes the company is well positioned to generate double-digit revenue and non-GAAP earnings growth over the next few years. In addition, the stock is undervalued at current levels, the analyst tells investors in a research note. Barrington believes ExlService can more than offset AI labor pressures through expansion of its total addressable market.
