TaskUs price target lowered to $6 from $12 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on TaskUs (TASK) to $6 from $12 and keeps an Equal Weight rating on the shares. Meta‘s (META) AI-driven automation efforts underpin a Q2 step-down and reinforces the “Gen AI Bear thesis,” but ex-Meta growth remains “relatively robust” and clients number two to 20 growing north of 20% is “relatively reassuring,” the analyst tells investors.