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Morgan Stanley analyst James Faucette maintains TaskUs (NASDAQ:TASK) with a Equal-Weight and raises the price target from $6 to $7.
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Innodata (INOD) reported Q2 2026 revenues surging 58% to $92.1M with adjusted gross margins expanding to 49%, nine points above its 40% target. The company reiterated at least 40% revenue growth guidance for 2026, driven by AI programs including LLM training and agentic AI. Customer concentration improved with the largest customer declining to 37% of revenues from 56% in Q1.
Innodata and TaskUs both capitalize on AI demand but with different profiles. Innodata shows stronger revenue growth (58% YoY) and expanding AI opportunities but trades at a premium 37.29X P/E with customer concentration risks. TaskUs offers cheaper valuation (5.24X P/E), better recent stock performance (+22.9% in 3 months), and solid cash generation, but slower overall growth (5% YoY). Innodata gets the edge for growth-focused investors, while TaskUs appeals to value investors.
Wedbush analyst Michael Piccolo maintains TaskUs (NASDAQ:TASK) with a Outperform and lowers the price target from $12 to $9.