TaskUs (TASK) Receives a Buy from RBC Capital

RBC Capital analyst Daniel Perlin maintained a Buy rating on TaskUs (TASKResearch Report) on November 7 and set a price target of $26.00. The company’s shares closed yesterday at $22.08.

According to TipRanks, Perlin is a 3-star analyst with an average return of 1.8% and a 39.39% success rate. Perlin covers the Technology sector, focusing on stocks such as Fidelity National Info, Jack Henry & Associates, and NCR.

Currently, the analyst consensus on TaskUs is a Moderate Buy with an average price target of $23.50, a 6.43% upside from current levels. In a report released on November 8, BTIG also assigned a Buy rating to the stock with a $30.00 price target.

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The company has a one-year high of $66.84 and a one-year low of $13.60. Currently, TaskUs has an average volume of 562K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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