TaskUs (TASK) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TaskUs in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TASK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TASK, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued twelve-month price objectives for TaskUs' shares. Their TASK share price forecasts range from $11.00 to $23.00. On average, they predict the company's stock price to reach $14.63 in the next twelve months. This suggests a possible upside of 50.2% from the stock's current price.
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TaskUs' stock was trading at $16.90 at the beginning of 2023. Since then, TASK stock has decreased by 42.4% and is now trading at $9.74.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our TASK earnings forecast.

TaskUs, Inc. (NASDAQ:TASK) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.02. The firm had revenue of $229.17 million for the quarter, compared to analysts' expectations of $227.26 million. TaskUs had a net margin of 4.34% and a trailing twelve-month return on equity of 13.38%.

SoFi Web 3 ETF holds 298 shares of TASK stock, representing 0.23% of its portfolio.

TaskUs updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $220.00 million-$222.00 million, compared to the consensus revenue estimate of $228.73 million.

(TASK) raised $304 million in an initial public offering on Friday, June 11th 2021. The company issued 13,200,000 shares at $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair acted as the underwriters for the IPO and Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC were co-managers.

TaskUs trades on the NASDAQ under the ticker symbol "TASK."

TaskUs' stock is owned by a number of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (2.87%), Think Investments LP (2.15%), Portolan Capital Management LLC (0.65%), BlackRock Inc. (0.56%), Renaissance Technologies LLC (0.44%) and Invenomic Capital Management LP (0.33%). Insiders that own company stock include Bryce Maddock, Fc Aggregator LP Bcp, Jaspar Weir, Kelly L Tuminelli and Stephan Daoust.
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Shares of TASK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TASK stock can currently be purchased for approximately $9.74.

TaskUs (NASDAQ:TASK) has a market capitalization of $905.72 million and generates $960.49 million in revenue each year. The company earns $40.42 million in net income (profit) each year or $0.40 on an earnings per share basis.

The company employs 49,500 workers across the globe.

The official website for the company is www.taskus.com. The company can be reached via phone at 888-400-8275 or via email at ir@taskus.com.