TaskUs upgraded to Buy at BofA on building momentum

As previously reported, BofA upgraded TaskUs (TASK) to Buy from Neutral with an unchanged price target of $18. While margins remain “best-in-class,” the firm believes material and sustainable revenue growth acceleration to double-digits “may be closer than consensus expects,” the analyst tells investors. The firm believes TaskUs will deliver upside in fiscal Q4 and given recent share price underperformance, believes the Q4 report “could be a positive catalyst,” the analyst added.