Goldman upgraded Tuya from Neutral to Buy
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | Neutral → Buy | Goldman | |
| 11/29/2023 | Equal-Weight → Overweight | Morgan Stanley | |
| 2/22/2022 | $9.19 → $7.20 | Overweight → Equal-Weight | Morgan Stanley |
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6-K - Tuya Inc. (0001829118) (Filer)
20-F - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
SANTA CLARA, Calif., April 24, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 24, 2025, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.tuya.com and on the SEC's website at www.sec.gov. The Company will also provide a hard copy of its annual report on Form 20-F for the fiscal year ended December 31, 2024 including the complete audited financial statements, free of charge, to its
NEW YORK, April 24, 2025 /PRNewswire/ -- On April 23, the 2025 TUYA Global Developer Summit officially opened in Shenzhen. Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, spotlighted the theme of "AI + IoT," emphasizing the deep integration of artificial intelligence with the Intelligence of Things to reshape how smart devices interact and function. This integration accelerates the widespread adoption of AIoT technologies. During the summit, Tuya introduced its AI Agent Development Platform and released three other major technology engines—Tuya.AI, TuyaOpen, and HEDV—to help developers fully unlock the potential value of AIoT. To further accelerate the globa
NEW YORK, March 21, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, is redefining the role of AI in the smart home ecosystem, turning cold technology into an emotionally intelligent companion. Imagine returning home after a long day, your mind weighed down by fatigue. Before you even express it, an AI companion gently approaches: "Hey, you seem a little down today. I've prepared a list of comforting films—shall we watch one together?" This thoughtful care is a result of the integration between Tuya and DeepSeek, which marks a shift in how technology interacts with human emotions. Devices such as cleaning robots, smart photo frames and o
SANTA CLARA, Calif., Feb. 26, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, and the declaration of a dividend. Fourth Quarter 2024 Financial Highlights Total revenue was US$82.1 million, up approximately 27.4% year-over-year (4Q2023: US$64.4 million).IoT platform-as-a-service ("PaaS") revenue was US$59.3 million, up approximately 25.7% year-over-year (4Q2023: US$47.2 million).Software-as-a-service ("SaaS") and others revenue was US$11.5 million, up approximately 21.1% year-over-year (4Q2023: U
SANTA CLARA, Calif., Feb. 26, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, and the declaration of a dividend. Fourth Quarter 2024 Financial Highlights Total revenue was US$82.1 million, up approximately 27.4% year-over-year (4Q2023: US$64.4 million).IoT platform-as-a-service ("PaaS") revenue was US$59.3 million, up approximately 25.7% year-over-year (4Q2023: US$47.2 million).Software-as-a-service ("SaaS") and others revenue was US$11.5 million, up approximately 21.1% year-over-year (4Q2023: U
SANTA CLARA, Calif., Feb. 26, 2025 /PRNewswire/ -- TUYA INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2023 AND 2024 (All amounts in US$ thousands ("US$"), except for share and per share data, unless otherwise noted) As of December 31, As of December 31, 2023 2024 ASSETS Current assets: Cash and cash equivalents 498,688 653,334 Restricted cash – 50 Short-term investments 291,023 194,536 Accounts receivable, net 9,214 7,592 Notes receivable, net 4,955 7,485 Inventories, net 32,865 23,840 Prepayments and other current assets, net 11,053 16,179 Total current assets 847,798 903,016 Non-current assets: Property, equipment and software, net 2,589 6,619 Land use right
NEW YORK, March 21, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, is redefining the role of AI in the smart home ecosystem, turning cold technology into an emotionally intelligent companion. Imagine returning home after a long day, your mind weighed down by fatigue. Before you even express it, an AI companion gently approaches: "Hey, you seem a little down today. I've prepared a list of comforting films—shall we watch one together?" This thoughtful care is a result of the integration between Tuya and DeepSeek, which marks a shift in how technology interacts with human emotions. Devices such as cleaning robots, smart photo frames and o
NEW YORK, March 11, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, is redefining the possibilities of smart energy with its unique perspective and forward-thinking strategies. Leveraging years of dedicated research and development, Tuya is seamlessly integrating technological advancements with social value creation, pushing the boundaries of innovation in the energy sector. Under the dual pressures of the global energy crisis and climate change, humanity is facing an unprecedented challenge. According to the International Energy Agency's projections, in order to achieve carbon neutrality by 2050, clean energy will need to contribute mo
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, in partnership with Biosphere 3, successfully hosted a side event titled "Sustainable Communities and Technology Applications" in the COP29 Blue Zone. The company also participated in an additional side event "Energy Transition: Challenges and Opportunities". These engagements explored the innovative applications of smart technology in energy transition and carbon reduction, emphasizing its potential to transform various areas of life and production. Through these efforts, Tuya aims to collaborate with global partners to foster greener, more sustainable, and prosperous commu
Goldman upgraded Tuya from Neutral to Buy
Morgan Stanley upgraded Tuya from Equal-Weight to Overweight
Morgan Stanley downgraded Tuya from Overweight to Equal-Weight and set a new price target of $7.20 from $9.20 previously