Taskus share: battle for ground

Taskus closed Friday with a slight gain at $14.10 – but appearances are deceptive. Since the failed takeover attempt by Blackstone, the stock has been struggling for stability.

Divided analyst landscape

While Weiss Ratings only issued a "Hold" rating on Saturday, other firms paint a very different picture. Baird upgraded the stock from "Hold" to "Strong Buy" in mid-October and raised its price target. The reason given was strong growth and an attractive valuation following the failed buyout. Morgan Stanley is a completely different story – it downgraded the firm from "Overweight" to "Equal Weight" in September. The average consensus is currently "Moderate Buy" with a price target of $17.25.

Blackstone deal collapses – share price plummets

The real turning point: On October 8, shareholders rejected the takeover by Blackstone and the co-founders. The offer of $16.50 per share failed to secure the necessary majority. The result was a stock market earthquake:

• 12.8% loss on the day of announcement
• Another 5.7% decline two days later
• Over 20% loss last month

The stock is now trading well below its 52-week high of $19.60. CEO Bryce Maddock subsequently promised a reorientation toward the AI ​​era.

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Should investors sell immediately? Or is it still worth investing in Taskus ?

Turning point in sight?

Can the upcoming quarterly report in early November bring about a turnaround? Analysts expect EPS of $0.26. However, the technical situation continues to signal "fear" – sentiment remains tense. The coming weeks will show whether Taskus can regain lost ground on its own.

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Taskus: Buy or sell? Read more here...