Emkay Research has reiterated its BUY recommendation on eClerx Services with a target price of Rs 1,800, implying an upside potential of nearly 18.5% from the current market price of Rs 1,519. While the company delivered a softer-than-expected operational performance in the March quarter, analysts remain constructive on the medium-term outlook due to robust deal wins, expanding AI-led capabilities, and strong traction in analytics and automation services.