TaskUs An ‘Underappreciated Beneficiary Of AI Investment,’ Says Analyst, Has Meta Platforms As Key Client

TaskUs, Inc. (NASDAQ:TASK) shares were climbing on Friday.

The company is an “underappreciated beneficiary of AI investment,” with exposure to key customers Meta Platforms and Open AI, according to Morgan Stanley.

Analyst James Faucette upgraded the rating for TaskUs from Equal-Weight to Overweight, while raising the price target from $18 to $21.

The TaskUs Thesis: Given its strong execution, the company is likely to continue increasing wallet share with Meta Platforms, “which should accelerate growth in AI Services,” Faucette said in the upgrade note.

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