TaskUs (NASDAQ:TASK) Stock Price Target Raised at The Goldman Sachs Group

TaskUs (NASDAQ:TASK) had its target price hoisted by equities research analysts at The Goldman Sachs Group from $7.00 to $8.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group‘s price target suggests a potential downside of 11.64% from the stock’s current price.

TASK has been the topic of several other research reports. Weiss Ratings raised TaskUs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Morgan Stanley lifted their target price on TaskUs from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $12.00 price objective on shares of TaskUs in a research note on Thursday, August 6th. Wall Street Zen raised TaskUs from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Finally, Wedbush dropped their price target on TaskUs from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.80.

TaskUs Stock Up 4.9%

NASDAQ:TASK traded up $0.42 during mid-day trading on Thursday, reaching $9.05. The company’s stock had a trading volume of 359,121 shares, compared to its average volume of 585,149. TaskUs has a 1 year low of $4.47 and a 1 year high of $13.73. The stock has a fifty day moving average of $8.18 and a 200-day moving average of $7.75. The firm has a market capitalization of $830.16 million, a PE ratio of 7.81 and a beta of 1.93. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 1.56.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, November 4th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. TaskUs had a net margin of 8.75% and a return on equity of 27.02%. The business had revenue of $314.75 million for the quarter, compared to the consensus estimate of $303.64 million. Equities research analysts forecast that TaskUs will post 1.10 earnings per share for the current year.

Hedge Funds Weigh In On TaskUs

A number of institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. acquired a new stake in TaskUs during the first quarter valued at $14,016,000. Brooklands Fund Management Ltd acquired a new position in shares of TaskUs in the third quarter worth about $27,500,000. Bank of America Corp DE boosted its stake in shares of TaskUs by 2,573.2% during the 1st quarter. Bank of America Corp DE now owns 106,475 shares of the company’s stock worth $714,000 after acquiring an additional 102,492 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of TaskUs by 12.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 678,859 shares of the company’s stock valued at $4,554,000 after acquiring an additional 77,072 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of TaskUs by 48.3% in the 3rd quarter. Parallel Advisors LLC now owns 4,719 shares of the company’s stock valued at $37,000 after purchasing an additional 1,538 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Trending Headlines about TaskUs

Here are the key news stories impacting TaskUs this week:

• Positive Sentiment: Q3 revenue rose 5.4% year over year to $314.7 million, ahead of the roughly $303.6 million consensus. Earnings of $0.34 per share also topped estimates of about $0.31, providing a near-term positive earnings surprise. TaskUs Announces Fiscal Third Quarter 2026 Results
• Positive Sentiment: TaskUs forecast 2026 revenue of $1.249 billion to $1.251 billion and is targeting a 19% adjusted EBITDA margin. The outlook gives investors a benchmark for continued growth and profitability. TaskUs forecasts full-year 2026 revenue and margin
• Neutral Sentiment: The company reported $26.2 million in net income, an 8.3% net income margin, and $31.3 million in adjusted net income. These figures add context to the earnings beat, though the provided reports do not indicate how they compare with market expectations. TaskUs Announces Fiscal Third Quarter 2026 Results
• Negative Sentiment: Despite beating estimates, reported earnings per share of $0.34 were below $0.42 a year earlier, suggesting year-over-year earnings pressure that may temper the positive surprise. TaskUs beats Q3 earnings and revenue estimates

TaskUs Company Profile

TaskUs, Inc (NASDAQ: TASK) is a provider of digital outsourcing and customer experience services for technology companies and other high-growth businesses. The company helps clients manage customer interactions, back-office operations and other business processes through a combination of trained personnel, technology and data-driven workflows.

Its services include customer care, technical support, content moderation, trust and safety, fraud prevention, artificial intelligence operations and back-office support.