TaskUs price target raised to $12 from $11 at BofA

BofA raised the firm’s price target on TaskUs to $12 from $11 and keeps an Underperform rating on the shares. TaskUs reported Q4 results with “meaningful P&L outperformance,” but its initial FY24 top-line guidance is in-line and adjusted EBITDA margins slightly below, which the firm believes will “net out to largely unchanged” EPS estimates, the analyst tells investors.