JP Morgan Maintains Neutral on TaskUs, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Puneet Jain has maintained a Neutral rating on TaskUs (NASDAQ:TASK) while lowering the price target from $17 to $15.
September 06, 2024 | 6:01 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on TaskUs but reduced the price target from $17 to $15, indicating a less optimistic outlook.
The lowering of the price target from $17 to $15 by JP Morgan suggests a less optimistic view on TaskUs's future performance, which could negatively impact the stock price in the short term. The Neutral rating indicates no strong buy or sell recommendation, but the reduced target may lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100