Fintel reports that on December 9, 2024, B of A Securities upgraded their outlook for TaskUs (NasdaqGS:TASK) from Neutral to Buy.
Analyst Price Forecast Suggests 11.80% Upside
As of December 3, 2024, the average one-year price target for TaskUs is $18.62/share. The forecasts range from a low of $14.14 to a high of $23.10. The average price target represents an increase of 11.80% from its latest reported closing price of $16.65 / share.
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The projected annual revenue for TaskUs is 1,213MM, an increase of 27.01%. The projected annual non-GAAP EPS is 1.73.
What is the Fund Sentiment?
There are 176 funds or institutions reporting positions in TaskUs. This is an increase of 14 owner(s) or 8.64% in the last quarter. Average portfolio weight of all funds dedicated to TASK is 0.14%, an increase of 16.58%. Total shares owned by institutions increased in the last three months by 9.64% to 17,920K shares. 
The put/call ratio of TASK is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
FEMKX - Fidelity Emerging Markets Fund holds 2,705K shares representing 14.03% ownership of the company. In its prior filing, the firm reported owning 2,794K shares , representing a decrease of 3.29%. The firm increased its portfolio allocation in TASK by 27.07% over the last quarter.
Think Investments holds 2,517K shares representing 13.06% ownership of the company. In its prior filing, the firm reported owning 1,817K shares , representing an increase of 27.81%. The firm increased its portfolio allocation in TASK by 27.67% over the last quarter.
Ameriprise Financial holds 888K shares representing 4.61% ownership of the company. In its prior filing, the firm reported owning 848K shares , representing an increase of 4.51%. The firm decreased its portfolio allocation in TASK by 82.39% over the last quarter.
Dalton Investments holds 688K shares representing 3.57% ownership of the company. In its prior filing, the firm reported owning 636K shares , representing an increase of 7.49%. The firm increased its portfolio allocation in TASK by 8.77% over the last quarter.
Royce & Associates holds 670K shares representing 3.47% ownership of the company. In its prior filing, the firm reported owning 615K shares , representing an increase of 8.18%. The firm increased its portfolio allocation in TASK by 2.80% over the last quarter.
TaskUs Background Information
(This description is provided by the company.)
TaskUs is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, helping its clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech. As of March 31, 2021, TaskUs had approximately 27,500 employees across eighteen locations in the United States, the Philippines, India, Mexico, Taiwan, Greece, Ireland and Colombia.
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