Baird Upgrades TaskUs, Inc (TASK) to Outperform

Baird analyst David Koning upgraded TaskUs, Inc (NASDAQ: TASK) from Neutral to Outperform with a price target of $18.00.

The analyst comments: "We are upgrading to Outperform following the 20% pullback (S&P -1.5%) since the unsuccessful vote for founder-led take-private transaction on 10/8. We like the stock given it's one of the fastest growing of the CX firms (22-24% yoy growth) and a pullback to 5X 2026E EBITDA. The industry backdrop is decent (IBEX/CNXC/TASK accelerated in its last quarterly reports), and we wouldn't be shocked if the buyer group comes back to offer $17-19/share (above recent $16.50 offer) in the next several quarters if the stock remains around current levels."

For an analyst ratings summary and ratings history on TaskUs, Inc click here. For more ratings news on TaskUs, Inc click here.

Shares of TaskUs, Inc closed at $13.25 yesterday.

You May Also Be Interested In

• Freedom Broker Starts CarGurus Inc. (CARG) at Buy
• Citi upgrades AMD to buy with $575 price target ahead of Q4 earnings
• Blackrock's Private Credit Fund Caps Redemptions Again