Analyst Price Target is $2.70
▲ +67.70% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Tuya in the last 3 months. The average price target is $2.70, with a high forecast of $2.70 and a low forecast of $2.70. The average price target represents a 67.70% upside from the last price of $1.61.
Current Consensus is
Buy
The current consensus among 2 investment analysts is to buy stock in Tuya. This rating has held steady since March 2023, when it changed from a Hold consensus rating.
Tuya Inc. offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers cloud-based software value-added services that provides end users with smart features, such as cloud storage; and Cube Smart Private Cloud Solution which enables conglomerates to build their own autonomous and controllable IoT platforms; and could-based services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company provides smart solutions for IoT devices that integrates software capabilities; and enables developers to activate an IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a range of smart devices, as well as sells finished smart devices. It offers its solutions to smart home, smart business, renewable energy, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.
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