Morgan Stanley Sees Compelling Entry Point In TaskUs; Anticipates 30% Upside

  • Morgan Stanley analyst James Faucette upgraded TaskUs Inc TASK to Overweight from Equal Weight with a price target of $55, up from $37, implying a 29.8% upside. 
  • The analyst sees a "compelling entry point" with shares off over 49% from the September 2021 highs. 
  • TaskUs is trading just ahead of contact center peers despite its "meaningfully faster organic growth profile," Faucette tells investors in a research note. 
  • He sees the company's exposure to "high-growth digital-native companies as a key differentiator."
  • TaskUs provides outsourced digital services and next-generation customer experience to innovative and disruptive technology companies. It serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery, ridesharing, HiTech, FinTech, and HealthTech.
  • Price Action: TASK shares traded higher by 1.56% at $43.05 in the market session on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsUpgradesPrice TargetAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!