La vendita allo scoperto per TaskUs dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di TaskUs. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

TaskUs (NASDAQ:TASK) Azioni, Report sulle vendite allo scoperto

TaskUs

TaskUs Inc is a provider of outsourced digital services and next-generation customer experience to inventive and disruptive technology companies. It serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech.

TaskUs Inc

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Shares of US-listed Chinese stocks are trading higher following a report indicating additional Chinese fiscal stimulus after a key economic meeting in December.

News

Bank Of America's Mexico CEO Says He Believes The Nearshoring Or Friendshoring Phenomenon Will Not Be Reversed

<a href="https://www.bloomberg.com/news/articles/2024-11-27/zoom-privacy-investigation-by-sec-from-2020-close-to-settlement">https://www.bloomberg.com/news/articles/2024-11-27/zoom-privacy-investigation-by-sec-from-2020-close-to-settlement</a>
Zoom Communications Inc. has offered $18 million to settle a four-year-old US Securities and Exchange Commission probe related to its privacy policies and communications.
In the most recent quarter, the company recorded an $18 million expense for a "tentative settlement offer" with the financial regulator, Zoom disclosed Tuesday in a filing. A company spokesperson said the proposal still requires SEC approval.

Legal

'Zoom Offers $18 Million To Settle SEC Privacy Probe From 2020' - Bloomberg News

<a href="https://www.bloomberg.com/news/articles/2024-11-27/global-payments-said-to-weigh-sale-of-payroll-active-network">https://www.bloomberg.com/news/articles/2024-11-27/global-payments-said-to-weigh-sale-of-payroll-active-network</a>
<a href="https://www.bloomberg.com/quote/GPN:US">Global Payments Inc.</a> is weighing divestitures of its payroll and Active Network businesses following a strategic review earlier this year, according to people familiar with the matter.
The Atlanta-based payments conglomerate is working with financial advisers to find buyers for the assets, the people said, asking to not be identified because the details aren't public. Nothing is finalized and Global Payments can still opt to keep the units.

Asset Sales

'Global Payments Weighs Sale of Payroll, Active Network' - Bloomberg News

Analyst Ratings

Trading Ideas

WDAY

Live On CNBC, Sarat Sethi Announces Bought More Workday, Inc.

BTIG analyst Gray Powell maintains Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) with a Buy and raises the price target from $205 to $238.

Price Target

BTIG Maintains Buy on Zscaler, Raises Price Target to $238

BWS Financial analyst Hamed Khorsand maintains Sable Offshore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) with a Sell and maintains $6 price target.

BWS Financial Maintains Sell on Sable Offshore, Maintains $6 Price Target

Ellen DeGeneres and Portia de Rossi's reported move to England's Cotswolds could shift their real estate ventures, potentially ending a highly successful run of California property deals that recently culminated in a $96 million home sale.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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The couple, who purchased their latest Santa Barbara County beach property for $70 million before selling it at a profit, joins a <a href="https://www.benzinga.com/real-estate/24/11/41982378/trumps-win-has-celebrities-saying-goodbye-america-see-where-theyre-going">growing exodus of entertainment industry figures exploring international real estate</a> following the presidential election. Their departure reflects broader trends of wealthy Americans seeking properties abroad, particularly in European markets.
However, the Cotswolds&#8217; unique real estate landscape poses distinct challenges to DeGeneres&#8217; established flipping strategy, according to Harry Gladwin, head of the Cotswolds at the Buying Solution, who spoke with Mansion Global. &#8220;Whilst some savvy purchasers have been buying smaller cottages in good villages around honeypot locations such as Kingham and Burford and doing them up, the cost of renovation now means that owners will be unlikely to make huge returns,&#8221; Gladwin said. See Also: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
The region&#8217;s high-end market operates differently from Southern California&#8217;s luxury sector. Sebastian Hipwood, cofounder of Blue Book Agency, told Mansion Global that properties valued around £20 million (US$25.2 million) rarely change hands, with &#8220;a handful of houses a year&#8221; becoming available at that price point.
Historic property restrictions present additional hurdles. Listed properties require permissions for renovations, with approval processes stretching three to six months or longer. Even minor changes to windows and flooring demand regulatory oversight, extending project timelines.
According to Gemma Maclaran, residential property advisor at Middleton Advisors, construction costs have also soared. &#8220;A good-quality renovation would now cost about £400 per square foot, when before you could&#8217;ve done it for £200. On the higher end, that can go up to £1,000 per square foot,&#8221; she said.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
Recent tax changes further complicate matters for international buyers, who now face up to 17% in purchase taxes. Last month&#8217;s stamp duty increase added another 2% for second homes, potentially squeezing profit margins for property investors.
The couple&#8217;s relocation reflects a broader trend of high-profile Americans <a href="https://www.benzinga.com/money/why-you-should-invest-in-foreign-real-estate">exploring international markets</a>. Immigration attorneys report increased inquiries about overseas relocation options, with celebrities like Sharon Stone and Whoopi Goldberg publicly discussing similar moves. Actress Minnie Driver recently announced plans to return to the U.K. after nearly three decades in California.
DeGeneres and de Rossi still maintain several California properties, including their primary Montecito residence, though reports cited by Mansion Global indicate plans to list it soon. Their transition to the Cotswolds suggests a shift from quick-turn property investments to the region&#8217;s more traditional approach of long-term estate ownership.
Read Next:
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<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
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Real Estate

Ellen DeGeneres Leaves The U.S.: What It Means For Her $96 Million House-Flipping Hobby

BTIG analyst Peter Saleh maintains Pinstripes Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNST#NYSE">PNST</a>) with a Buy and lowers the price target from $4 to $3.

PNST

BTIG Maintains Buy on Pinstripes Holdings, Lowers Price Target to $3

<a href="https://www.coindesk.com/business/2024/11/27/bitcoin-miner-iren-surges-on-renewed-ai-interest-possible-btc-dividend-payment?utm_content=editorial&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_term=organic&amp;utm_campaign=coindesk_main">https://www.coindesk.com/business/2024/11/27/bitcoin-miner-iren-surges-on-renewed-ai-interest-possible-btc-dividend-payment?utm_content=editorial&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_term=organic&amp;utm_campaign=coindesk_main</a>
Bitcoin miner IREN (IREN) rose nearly 30% on Wednesday after executives said the company had received interest from an artificial intelligence (AI) firm and mentioned a potential dividend in BTC during an earnings conference call.
The Sydney-based company has been approached by a hyperscaler firm (large cloud service provider) for potentially hosting computing infrastructure at IREN's Sweetwater mining site in Texas, co-CEO and co-founder Daniel Roberts said on the call.
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"Two hours ago, we got an email from a trillion-dollar hyperscaler that said they weren't interested in Sweetwater, and now they are," Roberts said without giving out too many details.
"We will continue not to provide guidance on specific terms or timing, given the uncertainties. Given the nature that we are dealing with counterparties, it is not all within our control. However, we continue to progress negotiations with some very large counterparties and hyperscalers," he said.
IREN is one of many miners attempting to diversify their revenue sources by securely hosting big tech companies' data centers for running machines to support surging demand for AI and high-performance computing (HPC). The shift started earlier this year after Bitcoin's fourth halving cut rewards by 50%, squeezing miners' profit margins. Rival Core Scientific (CORZ) <a href="https://www.coindesk.com/business/2024/10/23/bitcoin-miners-are-pivoting-to-ai-to-survive-core-scientific-entered-the-race-years-ago">started the trend</a> by signing AI hosting deals for billions of dollars, leading to its stock price surging and others to follow suit.
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Guidance

Dividends

IREN

'IREN Is Seeing A Resurgence Of Interest From Tech Data Centers To Host Their AI-Related Computing Machines; Co Executives Also See The Potential To Pay A Dividend In 2025; Shares Rose Nearly 30% After The Earnings Conference Call' - CoinDesk

BTIG analyst Michael Gorman maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy and raises the price target from $74 to $78.

BTIG Maintains Buy on Agree Realty, Raises Price Target to $78

Wells Fargo analyst Stephen Baxter maintains BrightSpring Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTSG#NASDAQ">BTSG</a>) with a Overweight and raises the price target from $17 to $21.

BTSG

Wells Fargo Maintains Overweight on BrightSpring Health, Raises Price Target to $21

BTIG analyst Thomas Catherwood maintains COPT Defense (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDP#NYSE">CDP</a>) with a Buy and raises the price target from $33 to $38.

BTIG Maintains Buy on COPT Defense, Raises Price Target to $38

Wells Fargo analyst Zachary Fadem maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Equal-Weight and lowers the price target from $95 to $89.

Wells Fargo Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $89

The trade relationship between the U.S. and Mexico, America's top trading partner in 2023, entered a <a href="https://www.benzinga.com/news/econ-s">new phase of tension.</a>
President-elect Donald Trump's recent pledge to impose 25% tariffs on all imports from Mexico and Canada, as soon as he returns to the Oval Office in January, has sent ripples through currency markets and put significant downward pressure on both the Mexican peso (MXN) <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement">and Canadian dollar (CAD). </a>
The Mexican currency weakened to levels last seen in August 2022, with the USD/MXN exchange rate eyeing the sixth week of gains in the last seven in response to escalating trade concerns. 
Market jitters were amplified by Mexico's potential retaliatory measures, which could disrupt the deeply interconnected economies of both nations.
The risk of a U.S.–Mexico trade war could jeopardize nearly $800 billion in annual trade flows. 
<h1 class="wp-block-heading">Mexican Peso Takes a Hit</h1>
According to Alejandro Cuadrado, BBVA&#8217;s chief strategist, the peso was particularly vulnerable on Tuesday, with USD/MXN breaking through key resistance at 20.60 and testing 20.80, a level last seen after the 2020 U.S. presidential election. 
Cuadrado highlighted the sell-off reflects the uncertainty surrounding U.S. trade policy and Mexico's potential retaliation, with risks of further depreciation looming.
"The break of USD/MXN 20.60 has opened the room towards the 21 handle," Cuadrado said, adding that investors are now awaiting more policy clarity. 
He warned that the MXN could face significant headwinds in the short term, especially if U.S. tariff threats materialize.
&#8220;Tuesday's sell-off was also a reminder that risks can awaken suddenly and rapidly given the uncertainty, erratic communication, lack of definition and overall style of policymaking,&#8221; Cuadrado added.
<h1 class="wp-block-heading">Trade War Threat Looms About $800 Billion In Bilateral Trade</h1>
Mexico surpassed China to become the U.S&#8217;s largest trading partner in 2023, underscoring the critical importance of the relationship.
According to official U.S. Census Bureau data, total goods and services traded between the U.S. and Mexico reached $798 billion last year.
This figure reflects the deep integration of their economies under the United States–Mexico–Canada Agreement (USMCA), which replaced NAFTA in 2020.
Here's a breakdown of 2023 U.S.–Mexico trade:
<ul>
<li>U.S. Exports to Mexico: $322 billion
<ul>
<li>Mexico is a key buyer of U.S.-produced goods, including motor vehicle parts, semiconductors, basic chemicals, petroleum products and agricultural commodities.</li>
<li>In energy, Mexico is the largest importer of U.S. natural gas and petroleum products.</li>
<li>U.S. goods exports to Mexico have grown exponentially from $42 billion in 1993 (pre-NAFTA) to $322 billion in 2023.</li>
</ul>
</li>
<li>U.S. Imports from Mexico: $477 billion
<ul>
<li>Nearly 80% of Mexico's total exports are destined for the U.S..</li>
<li>Top categories include automobiles ($130 billion), electronic equipment ($85.6 billion), and machinery and reactors ($81 billion). </li>
</ul>
</li>
<li>U.S. Trade Deficit with Mexico: $152.5 billion
<ul>
<li>The 2023 trade deficit with Mexico is nearly three times larger than a decade ago, reflecting the country's growing role as a manufacturing hub for U.S.-bound goods.</li>
</ul>
</li>
</ul>
<h1 class="wp-block-heading">Automotive Industry At The Center Of Trade Tensions</h1>
The U.S. auto sector is particularly vulnerable to trade disruptions with Mexico. Of the $477 billion in U.S. imports from Mexico in 2023, vehicles accounted for $130 billion — by far the largest single category.
Automakers such as General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), Volkswagen AG (OTCPK: VLKAF), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) have long relied on Mexican factories for their affordability and proximity to U.S. markets.
Components for cars, such as engines, transmissions and interior electronics, often cross the U.S.-Mexico border multiple times before final assembly.
Additionally, the Wall Street Journal <a href="https://www.wsj.com/business/autos/mexico-gets-cold-feet-over-new-chinese-ev-plant-after-trump-win-3b92f1c3">published</a> on Tuesday that Chinese electric vehicle manufacturer BYD — a major rival of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — is in the final stages of planning a factory in Mexico — a move that could further heighten trade tensions between the two neighbors.
The Wall Street Journal also reported Mexican officials are concerned a BYD factory could send the wrong signal to Trump and his trade-focused allies, potentially implying Mexico aims to serve as a backdoor for Chinese companies to access the U.S. market.
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</ul>
Photo: Shutterstock

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STLA

TSLA

VLKAF

US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk?

Wells Fargo analyst Omar Mejias maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $35 to $38.

Wells Fargo Maintains Overweight on Cinemark Hldgs, Raises Price Target to $38

BTIG analyst Michael Gorman maintains Regency Centers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) with a Buy and raises the price target from $72 to $79.

BTIG Maintains Buy on Regency Centers, Raises Price Target to $79

Wells Fargo analyst Andrew Nowinski maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Overweight and raises the price target from $350 to $400.

CRWD

Wells Fargo Maintains Overweight on CrowdStrike Holdings, Raises Price Target to $400

Coterra Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) short percent of float has risen 11.3% since its last report. The company recently reported that it has 16.34 million shares sold short, which is 2.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Coterra Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732727721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coterra Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Coterra Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Coterra Energy's peer group average for short interest as a percentage of float is 6.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

CTRA

How Is The Market Feeling About Coterra Energy?

Emerson Electric's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) short percent of float has risen 21.47% since its last report. The company recently reported that it has 11.29 million shares sold short, which is 1.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Emerson Electric Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732727716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Emerson Electric has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Emerson Electric's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Emerson Electric's peer group average for short interest as a percentage of float is 9.13%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Emerson Electric's Recent Short Interest

Taskus, Inc. Class A ( ($TASK) ) has released its Q3 earnings. Here is a breakdown of the information Taskus, Inc. Class A presented to its investo...

TaskUs, Inc. Reports Record Q3 2024 Revenue Growth

RBC Capital analyst Daniel Perlin maintained a Hold rating on TaskUs (TASK – Research Report) yesterday and set a price target of $18.00. The compa...

RBC Capital Remains a Hold on TaskUs (TASK)

The tech market is well-positioned for significant growth thanks to the growing adoption of emerging technologies like AI, ML, cloud computing, and ERP. Therefore, it could be wise to invest in top tech stocks NICE Ltd. (NICE), LiveRamp Holdings (RAMP), and TaskUs (TASK) with massive analyst price target upsides. Read on... The rapid adoption of advanced technologies like Artificial Intelligence (AI), Machine Learning (ML), big data, and data analytics are driving tech industry growth. Also, the emergence of cloud-based deployment solutions and other innovative digital solutions poise the tech market for unprecedented growth and expansion.
Given the industry's solid prospects, investors could consider investing in fundamentally sound tech stocks NICE Ltd. (<a href="https://stocknews.com/stock/NICE/">NICE</a>), LiveRamp Holdings, Inc. (<a href="https://stocknews.com/stock/RAMP/">RAMP</a>), and TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>) having substantial upside potential.
Technology is an integral part of today's business world. Companies are increasingly investing in software applications for their businesses to streamline operations, improve productivity, and enhance decision-making with scalable, customizable, and secure solutions, resulting in a surge in the overall tech market.
The current market dynamics have rapidly increased the reliance of companies on tech services, compelling tech service providers to design innovative solutions and ensure a competitive advantage. Also, the demand for tech is highest in developing economies such as India and China.
The <a href="https://www.grandviewresearch.com/industry-analysis/it-services-market-report">global IT services market is projected to grow to $2.59 trillion</a> by 2030, exhibiting growth at a CAGR of 9.5%, driven by conducive trends like widespread adoption of cloud computing, increasing investments in automation, prevalence of cybersecurity solutions, and rapid adoption of AI and ML tools, big data and data analytics solutions.
The overall tech market has also accelerated enterprise software application demand. Today, a lot of the digitalization is circling around cloud-based deployment solutions and ERP software among SMEs. Businesses are digitalizing their operations and leaning towards effective and cost-effective business solutions. The market is estimated to grow by $134 billion by 2028 at a <a href="https://www.technavio.com/report/enterprise-application-software-market-industry-analysis">CAGR of 7.81%</a>.
Given the industry's solid outlook, investing in fundamentally strong tech stocks such as NICE, RAMP, and TASK could be wise for future gains.
Let's discuss the fundamentals of these stocks in detail:
NICE Ltd. (<a href="https://stocknews.com/stock/NICE/">NICE</a>)
Headquartered in Ra'anana, Israel, NICE provides cloud platforms for AI-driven digital business solutions worldwide. The company offers CXone, a cloud-native open platform, Enlighten, an AI engine for the customer engagement market, and smart self-service that enables organizations to address consumers' needs and journey orchestration solutions.
On October 22, NICE launched the next generation of CXone Mpower. It adds various advanced services to the existing market-leading CXone architecture that are foundational for delivering full-scale customer service automation.
These new architectural services enable seamless integration of workflows between front, mid, and back offices, revolutionizing AI for customer service on a unified hyper platform, allowing enterprises to design, build, and operate automation for workflows, agents, and knowledge at scale and precision.
On September 24, NICE Actimize, a NICE business, launched the market's first AI-powered Fraud Investigations solution, facilitating end-to-end fraud management capabilities from detection to investigations. The solution helps financial institutions save both time and money with its automated workflow and robust fraud-specific case management capabilities.
The advanced Generative AI embedded in the solution also offers automation, which allows financial institutions to address customer concerns quickly and consistently meet regulatory timelines.
During the second quarter that ended June 30, 2024, NICE's revenues rose 14.3% from the year-ago value to $664.40 million. Its non-GAAP <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20or%20gross%20income,fluctuate%20compared%20to%20production%20output.">gross profit</a> increased 12.7% year-over-year to $469.40 million. Also, the company's non-GAAP net income and EPS of $174.15 million and $2.64 indicate 23.1% and 23.9% growth from the prior-year quarter, respectively.
Additionally, the company's non-GAAP EBITDA grew 19.2% from the previous quarter's quarter to $222.56 million.
According to the guidance of the third quarter of 2024, NICE projects non-GAAP total revenues between $676 million and $686 million, representing 13% year-over-year growth at the midpoint. Its non-GAAP EPS is expected to be in a range of $2.62 to $2.72, up 18% year-over-year at the midpoint.
For the full year 2024, the company expects non-GAAP total revenues to be $2.71 billion to $2.73 billion, reflecting 15% growth. The company raised its non-GAAP EPS to $10.60 - $10.80, representing 22% growth.
Street expects NICE's revenue and EPS for the third quarter (ended September 2024) to increase 13.6% and 17.9% year-over-year to $683.04 million and $2.68, respectively. Further, NICE topped the consensus revenue and EPS estimates in all four trailing quarters.
NICE's stock gained 1.2% over the past month and 11.4% to close the last trading session at $174.33. The 12-month median price target of $264.10 indicates <a href="https://www.tipranks.com/stocks/nice/forecast">a 46.80% upside potential</a> from the last closing price.
NICE's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality, Growth, and Value. NICE is ranked #14 among 132 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
<a href="https://stocknews.com/stock/NICE/">Click here</a> to access additional NICE ratings for Sentiment, Stability, and Momentum.
LiveRamp Holdings, Inc. (<a href="https://stocknews.com/stock/RAMP/">RAMP</a>)
RAMP is a technology company that operates a data collaboration platform internationally. The company operates the LiveRamp Data Collaboration platform, which allows an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.
On October 8, RAMP unveiled the first Artificial Intelligence (AI) connections to its network, allowing marketers to drive even better outcomes from LiveRamp's premier global ecosystem by leveraging the transformative power of AI. This will add connectivity to RAMP's expansive network and help brand marketers better connect with and personalize touchpoints for their customers.
Through the new partnerships, RAMP will enable marketers to personalize AI-powered searches in partnership with Perplexity and connect AI-powered custom audiences on Meta and YouTube in partnership with Chalice.
On October 3, RAMP revealed the newest version of the LiveRamp Data Collaboration Platform, further accelerating customers' time to value by strengthening the ability of marketers to drive effective and insightful marketing by delivering personalized and relevant experiences to consumers.
In the first quarter that ended June 30, 2024, RAMP's total revenue increased 14.3% year-over-year to $175.96 million. Its non-GAAP gross profit grew 14.8% from the year-ago value to $130 million. The company's non-GAAP operating income of 27 million indicates growth of 28.6% from the prior year period.
In addition, the company's non-GAAP net earnings and non-GAAP EPS were $24 million and $0.35, up 20% and 20.7% from the previous year's quarter, respectively.
According to the second quarter fiscal 2025 outlook, RAMP expects revenue of $176 million, showing an increase of 10%, and it expects non-GAAP operating income of $31 million.
For the fiscal 2025, the company projects its revenue between $715 million and $735 million, an increase of 8% to 11%. Also, its non-GAAP operating income is set between $127 million and $131 million.
Street expects RAMP's revenue to increase 8.1% year-over-year to $185.75 million for the fourth quarter ending March 2025. The company's EPS for the same quarter is expected to grow 56.9% year-over-year to $0.39. Moreover, RAMP topped the consensus EPS and revenue estimates in each of the trailing four quarters, which is impressive.
RAMP's stock plunged 2% over the past month to close the last trading session at $23.76. Its 12-month price target of $40.67 reflects a <a href="https://www.tipranks.com/stocks/ramp/forecast">62.29% potential</a> upside.
RAMP's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Sentiment and Value. Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, RAMP is ranked #16 out of 76 stocks.
In addition to the POWR Ratings I've just highlighted, you can see RAMP's ratings for Quality, Growth, Stability, and Momentum <a href="https://stocknews.com/stock/RAMP/">here</a>.
TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>)
TASK provides digital outsourcing services for companies worldwide. The company offers a digital customer experience that consists of omnichannel customer care services and other solutions.
On June 3, TASK and Mavenoid announced a strategic partnership to enable AI-powered product support. The alliance will combine companies' expertise in AI and personalized product support to optimize next-generation, personalized self-help product support solutions.
With this product support automation via AI self-service and live human support in one AI-powered product assistant, the collaboration will help manufacturers' and retailers' customers in troubleshooting, setup, spare part sales, and product selection to get advice about products.
TASK's trailing-12-month gross profit margin and EBITDA margin of 40.98% and 18.01% are 29.3% and 26.9% higher than the respective industry averages of 31.69% and 14.19%. Similarly, its trailing-12-month levered FCF margin of 12.90% is considerably higher than the 6.62% industry average.
For the second quarter, which ended June 30, 2024, TASK reported service revenue of $237.93 million, which is up 3.8% from the prior year's quarter. The company's adjusted EBITDA was $51.25 million for the quarter. Its net income and EPS came in at $12.60 million and $0.14 per share, reflecting growth of 24.3% and 40% year-over-year, respectively.
Furthermore, the company's total assets stood at $886.15 million as of June 30, 2024, compared to $864.20 million as of December 31, 2023.
Analysts expect TASK's EPS for the fourth quarter (ending December 2024) to increase marginally year-over-year to $0.35, and its revenue is estimated to grow 9.5% year-over-year to $256.49 million in the same quarter. Also, the company surpassed the consensus revenue and EPS estimates in each of the four trailing quarters.
The stock has gained 5.8% over the past month and 39.1% over the past year to close the last trading session at $11.95. Wall Street analysts expect the stock to hit $16.75 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/task/forecast">upside of 39.12%</a>.
TASK's promising prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Quality, and Value. Within the Technology - Services industry, TASK is ranked #8 out of 76 stocks.
<a href="https://stocknews.com/stock/TASK/">Click here</a> to access additional ratings of TASK for Momentum, Stability, and Sentiment.
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NICE shares were unchanged in after-hours trading Monday. Year-to-date, NICE has declined -9.83%, versus a 23.35% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/nice-ramp-task-3-tech-stocks-with-massive-analyst-price-target-upsides/>3 Tech Stocks With Massive Analyst Price Target Upsides</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks With Massive Analyst Price Target Upsides

TaskUs, Inc. 2024 Q3 - Results - Earnings Call Presentation

TaskUs, Inc. (TASK) Q3 2024 Earnings Call Transcript

J.P. Morgan analyst Puneet Jain maintained a Hold rating on TaskUs (TASK – Research Report) yesterday and set a price target of $18.00. The company...

J.P. Morgan Sticks to Their Hold Rating for TaskUs (TASK)

Morgan Stanley analyst James Faucette has maintained their neutral stance on TASK stock, giving a Hold rating yesterday. James Faucette's rating is...

TaskUs's Strategic Investments Drive Revenue Growth Amid Margin Pressures: A Hold Rating by James Faucette

TaskUs Ekes Out Growth But Low-End Pricing Pressures Grow

In a report released today, James Faucette from Morgan Stanley maintained a Hold rating on TaskUs (TASK – Research Report), with a price target of ...

TaskUs Faces Increased Competition from Uber's Entry into Data Annotation Market

Morgan Stanley notes that Uber (UBER) announced it has launched its own data labeling and testing service named Scaled Solutions and is recruiting ...

Uber Scaled Solutions to compete with TaskUs, says Morgan Stanley

NICE

RAMP

TASK

TIXT

UBER

Press Releases

TaskUs to Present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 20, 2024

TaskUs to Present at William Blair 44th Annual Growth Stock Conference on June 5, 2024

TaskUs and Mavenoid Announce Strategic Partnership To Enable AI-Powered Product Support

The Portnoy Law Firm Announces Investigation of TaskUs Inc. (NASDAQ: TASK)

TASKUS SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of TaskUs, Inc. (NASDAQ: TASK) and Encourages Long-Term Investors to Contact the Firm

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