Morgan Stanley analyst James Faucette upgraded TaskUs Inc to Overweight from Equal Weight with a price target of $55, up from $37, implying a 29.8 percent upside.
The analyst sees a “compelling entry point” with shares off over 49 percent from the September 2021 highs.
TaskUs is trading just ahead of contact center peers despite its “meaningfully faster organic growth profile,” Faucette tells investors in a research note.
He sees the company’s exposure to “high-growth digital-native companies as a key differentiator.”
TaskUs provides 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, ridesharing, HiTech, FinTech, and HealthTech.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.