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Analyst Rating: Will Tuya Inc (TUYA) Stock Outperform the Market?

Monday, June 05, 2023 01:43 PM | InvestorsObserver Analysts

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Analyst Rating: Will Tuya Inc (TUYA) Stock Outperform the Market?

Wall Street is positive on Tuya Inc (TUYA). On average, analysts give Tuya Inc a Hold rating. The average price target is $2.3, which means analysts expect the stock to increase by 21.05% over the next twelve months. That average ranking earns Tuya Inc an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3
Wall Street analysts are rating TUYA a Hold today. Find out what this means to you and get the rest of the rankings on TUYA!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Tuya Inc Stock Today?

Tuya Inc (TUYA) stock is lower by -9.55% while the S&P 500 has risen 0.08% as of 1:42 PM on Monday, Jun 5. TUYA has fallen -$0.20 from the previous closing price of $2.10 on volume of 236,103 shares. Over the past year the S&P 500 is higher by 3.98% while TUYA has fallen -36.03%. TUYA lost -$0.26 per share the over the last 12 months. Click Here to get the full Stock Report for Tuya Inc stock.

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