- Citi analyst Ryan Potter initiated coverage of TaskUs ( TASK ) with a Buy rating and named the company his top pick in digital customer experience.
- TaskUs now trades at a "steep valuation discount" vs. some of its peers that have similar financial metrics, business mix, and clients, Potter tells investors.
- TaskUs does still have potential downturn risk, but it is not materially larger than that of other digital customer experience companies, says the analyst.
- Potter believes TaskUs has an attractive growth profile and he expects its "industry-leading growth" to continue.
- TaskUs's SA Quant Rating says to Sell whereas, Wall St. Analysts Rating stands with Buy (4 Very Bullish, Bullish 4).
- Since the start of 2022, TaskUs's shares were down around 64% , and over a period of one year, shares were down around 29% .
- Shares are currently +7.77% to $19.44 today.
For further details see:
TaskUs gains as Citi initiates at buy on attractive growth profile