BTIG analyst Matthew VanVliet lowered the firm’s price target on TaskUs to $30 from $37 and keeps a Buy rating on the shares. The company reported a "solid" Q3 and its outlook was "better than feared" as TaskUs managed to find growth in a tough macro-environment after previously cutting its guidance, but its initial FY23 projections results in lower forward estimates and slower growth rates, the analyst tells investors in a research note.
Published first on TheFly
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