Technical patterns as well as solid fundamentals lead us to forecast a rebound.
The company characterizes by great growth and strong profitability. Upward revisions have been made on EPS and earnings in a two-year horizon. Sales for the ongoing fiscal year should advance towards 625.47 against 499.28 million$ in 2014, which means a +25.3% progression.
From a technical viewpoint, ExlService Holdings' shares remain close to an important support area (USD 40.9). The upward trendline brings an additional argument for a bullish rebound of prices, especially since the equity still having sound fundamentals. The fall registered on recent sessions represents a key entry point with a target at USD 46 and by extension USD 47.75.
Therefore, a long trade could be ope above the short-term support of USD 40.9. The main target will be set at USD 46. The stop-loss could be triggered once the support is broken.
ExlService Holdings, Inc. is a data analytics and digital operations and solutions company. The Company partners with clients using a data and artificial intelligence (AI)-led approach. The Companyâs segments include Insurance, Healthcare, Analytics and Emerging Business. Insurance segment serves property and casualty insurance, life insurance, disability insurance, insurance brokers, reinsurers, annuity and retirement services and insurance technology companies. Healthcare segment primarily serves United States-based healthcare payers, providers and pharmacy benefit managers organizations. Emerging Business segment provides data and AI-led enterprise solutions in the areas of finance and accounting, customer experience management and revenue enhancement to clients primarily in the banking and capital markets, utilities, retail and consumer packaged goods, technology, media, and telecom, travel and leisure, manufacturing, transportation and logistics and business services industries.