Agora Inc. (API) witnessed a significant pre-market surge of 10.75% on Thursday, fueled by a favorable analyst rating upgrade from BofA Securities.
The investment bank upgraded Agora, a leading provider of real-time engagement solutions, from Neutral to Buy. BofA Securities also set a $6 price target on the company's stock, reflecting its optimism about Agora's growth prospects in the real-time engagement market.
The analyst upgrade came as a positive surprise for investors, signaling confidence in Agora's business model and potential for further growth. The favorable rating change from a respected research firm like BofA Securities boosted investor sentiment, driving the pre-market rally in Agora's stock.
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