Baird upgraded TaskUs (TASK) to Outperform from Neutral with an unchanged price target of $18. The firm cites valuation for the upgrade following the stock’s 20% pullback since the unsuccessful vote for a founder-led take-private transaction. Baird would not be surprised to see the buyer group come back to offer $17-$19 per share in the next several quarters if the stock remains around current levels.
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Read More on TASK:
- TaskUs: A Buy Opportunity Amidst Market Pullback and Strong Growth Prospects
- TaskUs price target raised to $18 from $16.50 at Baird
- TaskUs Stockholders Reject Proposed Merger Agreement
- TaskUs down 11% after shareholders do not approve go-private deal
- TaskUs to terminate proposed take-private transaction