TaskUs to go private in deal led by co-founders and Blackstone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
0mins
Source: SeekingAlpha
Acquisition Announcement: TaskUs will be taken private in an all-cash transaction led by Blackstone, with stockholders receiving $16.50 per share; the deal is expected to close in the second half of 2025.
Leadership Continuity: Co-founders Bryce Maddock and Jaspar Weir will remain as CEO and President, respectively, emphasizing that the transaction aims to provide immediate value to stockholders while allowing for long-term investments in the company's growth.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BX is 176.60 USD with a low forecast of 166.00 USD and a high forecast of 205.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 142.940
Low
166.00
Averages
176.60
High
205.00
Current: 142.940
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revival of Private Equity: The firm reports that its private equity division is gaining momentum after a period of stagnation.
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