TaskUs price target raised to $20 from $18 at BofA

BofA raised the firm’s price target on TaskUs (TASK) to $20 from $18 and keeps a Buy rating on the shares. FY25 revenue guidance implies material deceleration in the second half compared to the first half, which the firm believes is “likely conservative given recent bookings trends,” the analyst tells investors. Following earnings, the firm raised its FY25 revenue and EPS estimates to $1.12B and $1.42, respectively.