Agora Inc has a consensus price target of $12.8 based on the ratings of 4 analysts. The high is $27 issued by Needham on November 24, 2021. The low is $3.2 issued by Morgan Stanley on September 28, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Nomura Instinet, and Morgan Stanley on September 28, 2023, May 16, 2022, and May 3, 2022, respectively. With an average price target of $8.57 between Morgan Stanley, Nomura Instinet, and Morgan Stanley, there's an implied 90.37% upside for Agora Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Agora (NASDAQ:API) was reported by Morgan Stanley on September 28, 2023. The analyst firm set a price target for $3.20 expecting API to fall to within 12 months (a possible -28.89% downside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for Agora (NASDAQ:API) was provided by Morgan Stanley, and Agora downgraded their equal-weight rating.
The last upgrade for Agora Inc happened on May 16, 2022 when Nomura Instinet raised their price target to $10. Nomura Instinet previously had a neutral for Agora Inc.
The last downgrade for Agora Inc happened on September 28, 2023 when Morgan Stanley changed their price target from $4.6 to $3.2 for Agora Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Agora, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Agora was filed on September 28, 2023 so you should expect the next rating to be made available sometime around September 28, 2024.
While ratings are subjective and will change, the latest Agora (API) rating was a downgraded with a price target of $4.60 to $3.20. The current price Agora (API) is trading at is $4.50, which is out of the analyst’s predicted range.
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