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Stock impact report

Wedbush Lowers TaskUs, Inc. (TASK) PT Following Minor Financial Model Changes [Yahoo! Finance]

TaskUs, Inc. - Class A (TASK) 
Company Research Source: Yahoo! Finance
TheFly reported on March 23 that Wedbush cut its price target on TASK to $14 from $15 while reiterating an Outperform rating. The adjustment followed modest changes to the firm's financial model and a slight reduction in one of the valuation multiples used in its sum-of-the-parts analysis. Separately, on March 2, TaskUs, Inc. (NASDAQ:TASK) announced that its Board of Directors approved a special cash dividend of $3.65 per common share, with payment scheduled for around March 25, 2026. Because the dividend exceeded 25% of the company's prevailing stock price, Nasdaq set the ex-dividend date for March 26, 2026, which is the first trading day after the payout date. Wedbush Lowers TaskUs, Inc. (TASK) PT Following Minor Financial Model Changes Starting on that date, TASK shares would trade without entitlement to the special dividend, and the share price would be adjusted to reflect the distribution. Under Nasdaq's rules, since the ex-dividend date follows the payment date, the right Show less Read more
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