BofA Reiterates Buy as Agora (API) Gains Traction in Live Engagement
Agora Inc. (NASDAQ:API) is one of the 10 best debt-free IT penny stocks to buy. On June 28, Bank of America Securities' analyst Daley Li reiterated a Buy rating on Agora (NASDAQ:API), setting a price target of $7.10.
Agora's Q1 2025 results showed modest top-line growth, with revenue up 1% year-over-year. While overall growth was limited, the company's international business stood out, benefiting from stronger demand in areas like live shopping and entertainment.
A consumer smiling as they engage with streaming apps and voice platforms.
For the second quarter, management guided for core revenue growth of 7% to 13% year-over-year. This range broadly matches market expectations and suggests that conditions are starting to improve—particularly in China's social entertainment and education markets—while international demand continues to hold up well.
The analyst also pointed to signs of progress on the profitability front. Q1 2025 was Agora's second straight profitable quarter, along with an improvement in gross margins. The company is also commanding a stronger net cash position which adds further flexibility, allowing it to pursue growth opportunities like in the field of AI.
Agora Inc. (NASDAQ:API) is a China-based company that provides a real-time engagement platform-as-a-service (PaaS), enabling developers to embed voice, video, and live interactive streaming capabilities into their applications.
While we acknowledge the potential of API as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires.
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Trump says 'very wealthy' group to buy TikTok
President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United States due to its China ties, adding he could name the purchasers in two weeks. "We have a buyer for TikTok, by the way," Trump said in an interview on Fox's Sunday Morning Futures with Maria Bartiromo. "Very wealthy people. It's a group of wealthy people," the president said, without revealing more except to say he would make their identities known "in about two weeks." The president also said he would likely need "China approval" for the sale, "and I think President Xi (Jinping) will probably do it." TikTok is owned by China-based internet company ByteDance. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's inauguration on January 20. But the Republican, whose 2024 election campaign relied heavily on social media and who has said he is fond of TikTok, put the ban on pause. In mid-June Trump extended a deadline for the popular video-sharing app by another 90 days to find a non-Chinese buyer or be banned in the United States. Tech experts quickly described the TikTok kerfuffle as a symbol of the heated US-China tech rivalry. While Trump had long supported a ban or divestment, he reversed his position and vowed to defend the platform -- which boasts almost two billion global users -- after coming to believe it helped him win young voters' support in the November election. "I have a little warm spot in my heart for TikTok," Trump told NBC News in early May. "If it needs an extension, I would be willing to give it an extension." Now after two extensions pushed the deadline to June 19, Trump has extended it for a third time. He said in May that a group of purchasers was ready to pay ByteDance "a lot of money" for TikTok's US operations. The previous month he said China would have agreed to a deal on the sale of TikTok if it were not for a dispute over Trump's tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be "subject to approval under Chinese law." mlm/md Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
iPhone 17 May Disappoint—But Apple's (AAPL) Foldable Future Has Wall Street Watching
Apple Inc. (NASDAQ:AAPL) is one of the . On June 26, JPMorgan analyst Samik Chatterjee lowered the price target on the stock to $230.00 (from $240.00) while maintaining an 'Overweight' rating. The firm has expressed its concerns regarding iPhone demand in the latter half of the year. The investment bank anticipates a moderation in iPhone demand, considering the recent pull-forward from consumers. Consumers had purchased devices ahead of the expected tariff-led price increases and to take advantage of the smartphone subsidies in China. The firm anticipates that these shifting buying patterns and the uncertain macroeconomic environment will impact the sales of the upcoming iPhone 17 series. An Apple store displaying the latest in consumer electronics, from smartphones to wearables. It also asserted that the iPhone 18 series will lead to a stronger cycle with the anticipated launch of a foldable smartphone along with further progress on AI features that have been 'long awaited and delayed relative to initial investor expectations.' Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26 minutes ago
- Yahoo
Sentiment Mixed, But BofA Still Sees Long-Term Upside in Alphabet (GOOGL)
Alphabet Inc. (NASDAQ:GOOGL) is one of the . On June 26, Bank of America Securities analyst Justin Post maintained a 'Buy' rating on the stock with an associated price target of $200.00. Bank of America Securities recently hosted a debate attended by over 200 investors, where overall sentiment on the stock was rather mixed. Even though Google is facing increasing competition from platforms such as OpenAI's ChatGPT, as well as battling concerns like monetization challenges and the Department of Justice trial outcome, Post views the company's proprietary data and deep integration as significant advantages. According to Post, these factors provide a strong foundation for monetization and defensibility as AI models become ubiquitous. A laptop and phone open to Google's services in an everyday setting. Moreover, non-search segments of the company, such as Cloud, YouTube, and Waymo, are often undervalued. However, Post suggests that they hold significant growth potential. Regulatory clarity can also help Alphabet to accelerate its AI strategies. Together, a large number of bullish investors support this buy rating for the stock. Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
