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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on API: