Analysts Conflicted on These Technology Names: Shopify (SHOP) and TaskUs (TASK)
Analysts have been eager to weigh in on the Technology sector with new ratings on Shopify (SHOP) and TaskUs (TASK).
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Shopify (SHOP)
Citi analyst Tyler Radke assigned a Buy rating to Shopify yesterday and set a price target of $196.00. The company’s shares closed last Wednesday at $144.24.
According to TipRanks.com, Radke is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shopify with a $162.25 average price target, representing an 8.2% upside. In a report issued on July 21, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $192.00 price target.
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TaskUs (TASK)
William Blair analyst Maggie Nolan reiterated a Hold rating on TaskUs today. The company’s shares closed last Wednesday at $6.32.
According to TipRanks.com, Nolan ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for TaskUs with a $8.33 average price target, which is a 27.4% upside from current levels. In a report issued on July 23, TipRanks – xAI also downgraded the stock to Hold with a $6.50 price target.
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