Cost ManagementTASK tweaked down its ’24 adj. EBITDA margin guide due to increased costs to support faster-than-anticipated revenue growth.
Investor ConcernsCodification of Zuckerberg’s plan to relax content removal protocol at META has spooked TASK investors judging by the stock’s 13% decline.
Stock PerformanceShares have underperformed the S&P500, making the valuation attractive, and there is potential for multiple expansion as investors gain comfort around stabilization/improvement in top-line.