Agora (API, Financial) reports a revenue of $33.3 million for the first quarter, slightly up from $33.0 million in the previous year. The company, led by Founder and CEO Tony Zhao, has achieved its second consecutive quarter of profitability, driven by significant revenue growth and strategic cost management. This financial stability has allowed Agora to invest in burgeoning sectors, notably conversational AI.
Since the launch of its ConversationalAIEngine in March, the company has observed strong interest from developers and clients creating voice applications for a variety of purposes, such as educational and interactive toys. As large language models improve and Agora's AI technology matures, the company anticipates increased adoption, which should positively impact revenue growth over time.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Agora Inc (API, Financial) is $6.05 with a high estimate of $7.10 and a low estimate of $5.00. The average target implies an upside of 59.63% from the current price of $3.79. More detailed estimate data can be found on the Agora Inc (API) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Agora Inc's (API, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Agora Inc (API, Financial) in one year is $3.47, suggesting a downside of 8.44% from the current price of $3.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Agora Inc (API) Summary page.
