From Nasdaq: 2025-05-20 04:00:00

TaskUs (TASK) is a tech company offering outsourced digital services, trading at under $20 a share. With clients like Coinbase, Meta Platforms, DoorDash, and Uber, TaskUs serves various industries. The global IT services outsourcing market is expected to reach $1 trillion by 2030, showcasing the demand for digital services.

TaskUs recently partnered with AI-driven companies Decagon and Regal to enhance its agentic AI consulting services. Agentic AI can perform complex tasks autonomously, leading to seamless integration of advanced AI technologies. TaskUs is projected to see sales growth of 13% in fiscal 2025 and a 12% increase in FY26, with annual earnings expected to rise significantly.

Despite its growth potential, TaskUs stock is trading at a reasonable 12X forward earnings multiple. This is below the industry average and offers an attractive valuation for investors. With a focus on agentic AI, TaskUs stock is currently trading at a nearly 30% discount from its IPO price of $23, making it an appealing investment opportunity.



Read more at Nasdaq: Bull of the Day: TaskUs (TASK)