- Bank of America analyst Jason Kupferberg upgraded TaskUs Inc (NASDAQ:TASK) to Buy from Neutral with an unchanged $71 price target, implying an upside of 49%.
- Kupferberg noted that the stock had lagged S&P 500 performance by 5,000 basis points and comps by 3,800 basis points since touching highs on September 23 following its June IPO, driven by a broader market rotation out of growth names, rather than company-specific factors.
- However, the company’s “solid” post-IPO execution should continue, the analyst told.
- TaskUs provides outsourced digital services and next-generation customer experience to technology companies.
- Price Action: TASK shares closed higher by 4.09% at $47.62 on Thursday.
Ocuphire Pharma Announces Last Patient Completes Final Visit In ZETA-1 Phase 2b 24-Week Trial Of Oral APX3330 In Diabetic Retinopathy
Top-line Results are Expected in 4Q 2022
Interim Masked Safety Results Seen Demonstrate Favorable Safety and Tolerability Profile, Consistent with 11 Prior Trials of APX3330
Oral APX3330 has the Potential to Serve a
