Morgan Stanley analyst James Faucette maintained a Hold rating on TaskUs (TASK – Research Report) today and set a price target of $20.00. The company’s shares opened today at $17.80.
According to TipRanks, Faucette is a 5-star analyst with an average return of 8.2% and a 68.12% success rate. Faucette covers the Technology sector, focusing on stocks such as Cognizant, Epam Systems, and Block.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TaskUs with a $23.33 average price target.
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TASK market cap is currently $1.71B and has a P/E ratio of 40.20.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TASK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TaskUs Inc is a provider of 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 and ridesharing, HiTech, FinTech and HealthTech.
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