Top 10 Stocks to Buy According to Think Investments

2. TaskUs, Inc. (NASDAQ:TASK)

Number of Hedge Fund Holders as of Q4: 17

Think Investments’ Equity Stake: $48.81 Million 

TaskUs, Inc. (NASDAQ:TASK) is a global digital services provider known for its work in content moderation, customer experience, artificial intelligence, operations, and risk and response services for clients like Facebook and DoorDash. With its presence in 12 countries and 49,000 employees worldwide as of December 2024, TaskUs is recognized as a digital outsourcing company with a market capitalization of $1.38 billion. The company blends cutting-edge technology, skilled talent, and innovative strategies to support enterprise growth, and its recent financial performance reflects that mission and is second on the list of top stocks to buy according to Think Investments.

In the fourth quarter of 2024, TaskUs, Inc. (NASDAQ:TASK) generated $274.2 million in revenue, exceeding analyst expectations of $268.65 million and marking a 17.1% year-over-year growth. This strong performance, reported on February 26, was driven by the company’s expansion in key markets such as Latin America and Europe and its strategic focus on AI-powered services. Despite the revenue beat, earnings per share (EPS) fell slightly below expectations at $0.31 compared to the $0.35 projected by analysts, missing by 11.4%.

For the full year, TaskUs, Inc. (NASDAQ:TASK) reported revenue of $995 million, a 7.6% increase from the previous year, and an adjusted EBITDA of $209.9 million, representing a solid 21.1% margin. In Q4 alone, adjusted EBITDA stood at $53.8 million with a 19.6% margin. The company ended the year with a strong liquidity position, holding $192.2 million in cash and cash equivalents.

Looking forward to 2025, TaskUs, Inc. (NASDAQ:TASK) projects revenue growth between 10% and 13%, with expected full-year revenue ranging from $1.095 billion to $1.125 billion. The company plans to maintain an adjusted EBITDA margin of around 21%, aiming for further margin expansion. For the first quarter of 2025, TaskUs anticipates revenue in the range of $270 million to $272 million, reflecting steady momentum in its operations.