Morgan Stanley Downgrades Agora to Equal-Weight, Lowers Price Target to $3.2
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Yang Liu has downgraded Agora (NASDAQ:API) from Overweight to Equal-Weight and lowered the price target from $4.6 to $3.2.
September 28, 2023 | 9:52 am
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NEGATIVE IMPACT
Agora's stock has been downgraded by Morgan Stanley from Overweight to Equal-Weight, with a lowered price target of $3.2.
The downgrade from Morgan Stanley is a negative signal for Agora's stock. The lowered price target suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100