BofA upgraded Agora (API) to Buy from Neutral with a price target of $6, up from $3.10, citing a potential demand recovery driving revenue growth in FY25 and improving profitability. The firm also views the valuation as “undemanding,” noting that the stock trades close to the company’s net cash level of $3.90 per ADS for FY25.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on API: