Analysts Offer Insights on Technology Companies: Paychex (PAYX) and TaskUs (TASK)
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Paychex (PAYX)
RBC Capital analyst Ashish Sabadra maintained a Hold rating on Paychex on August 8 and set a price target of $150.00. The company's shares closed last Tuesday at $134.99.
According to TipRanks.com, Sabadra is a 5-star analyst with an average return of 6.2% and a 61.6% success rate. Sabadra covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Cboe Global Markets, and Factset Research.
Currently, the analyst consensus on Paychex is a Hold with an average price target of $149.64.
TaskUs (TASK)
In a report issued on August 8, Daniel Perlin from RBC Capital maintained a Hold rating on TaskUs, with a price target of $16.50. The company's shares closed last Tuesday at $17.03.
According to TipRanks.com, Perlin is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -10.7% and a 35.8% success rate. Perlin covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions, SS&C Technologies Holdings, and TELUS International (CDA).
TaskUs has an analyst consensus of Hold, with a price target consensus of $18.00, representing a 5.5% upside. In a report issued on August 8, Guggenheim also maintained a Hold rating on the stock.
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