TaskUs price target raised to $13 from $11 at Citi

Citi raised the firm’s price target on TaskUs to $13 from $11 and keeps a Buy rating on the shares. The company reported a “solid beat-and-raise quarter” as it gained wallet share and sold more service lines into its existing client base, the analyst tells investors in a research note. The firm says the Q4 outlook also implies an earlier than expected potential return to sequential growth as volume declines at some its larger clients have begun to stabilize. Citi views the shares as attractive at current levels.