5 Cheap Stocks to Buy Now for Long Term

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1. TaskUs, Inc. (NASDAQ:TASK)

Forward PE Ratio: 4.66 

TaskUs, Inc. (NASDAQ:TASK) is one of the best cheap stocks to buy.

TheFly reported on March 23 that Wedbush cut its price target on TASK to $14 from $15 while reiterating an Outperform rating. The adjustment followed modest changes to the firm’s financial model and a slight reduction in one of the valuation multiples used in its sum-of-the-parts analysis.

Separately, on March 2, TaskUs, Inc. (NASDAQ:TASK) announced that its Board of Directors approved a special cash dividend of $3.65 per common share, with payment scheduled for around March 25, 2026. Because the dividend exceeded 25% of the company’s prevailing stock price, Nasdaq set the ex-dividend date for March 26, 2026, which is the first trading day after the payout date.

Starting on that date, TASK shares would trade without entitlement to the special dividend, and the share price would be adjusted to reflect the distribution. Under Nasdaq’s rules, since the ex-dividend date follows the payment date, the right to receive the dividend transfers from sellers of record-date shares to buyers who purchase the stock through the close of trading on March 25. The announcement clarified the mechanics of the distribution and the related trading treatment for shareholders ahead of the dividend payment.

TaskUs, Inc. (NASDAQ:TASK) is a digital outsourcing company that provides customer experience, trust and safety, and AI support services to technology-driven businesses worldwide.

While we acknowledge the risk and potential of TASK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TASK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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