Robert W. Baird analyst David Koning maintained a Buy rating on TaskUs on November 7 and set a price target of $18.00.
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David Koning has given his Buy rating due to a combination of factors that highlight TaskUs’s strong financial performance and growth potential. The company reported impressive Q3 results with revenue growth in the high teens and earnings per share exceeding expectations. Additionally, TaskUs raised its 2025 revenue guidance, indicating confidence in its future growth trajectory. Despite some concerns about potential deceleration in 2026 and margin pressures from investments, Koning believes these are strategic moves that position TaskUs for the next wave of growth, particularly in the realm of generative AI.
TaskUs is experiencing robust demand across its business segments, notably in the autonomous vehicle and healthcare sectors, which supports its growth outlook. The company’s workforce growth of 6% sequentially in Q3 further underscores this demand. Moreover, TaskUs’s valuation appears attractive, trading at approximately 7.5 times its estimated 2026 earnings per share, and the company is expected to maintain a strong cash position. These factors, combined with the company’s conservative guidance approach and strategic investments in AI, underpin Koning’s positive outlook and Buy rating for TaskUs’s stock.
Koning covers the Technology sector, focusing on stocks such as Accenture, TaskUs, and Toast Inc. According to TipRanks, Koning has an average return of 14.2% and a 54.40% success rate on recommended stocks.