Jefferies Remains a Buy on Tuya Inc (TUYA) Since FQ2 2025 Earnings Release

Tuya Inc. (NYSE:TUYA) is one of the Best Penny Stocks to Buy with the Highest Upside Potential. Tuya Inc. (NYSE:TUYA) reported results for its fiscal second quarter of 2025 on August 26. The company reported growing its revenue by 9.35% year-over-year to reach $80.13 million. This topped Wall Street estimates by $1.69 million. Moreover, the EPS of $0.03 stayed in line with the expectations as well.

Management noted that the company was able to pull off these results amidst global trade uncertainties and supply chain challenges. The company achieved a 15% year-over-year revenue growth in H1 2025, with non-GAAP operating profit soaring about 127%. The fiscal second quarter revenue was driven by all the segments contributing to growth, with the PaaS segment being the largest contributor.

After the release, on August 27, Matt Ma from Jefferies raised the price target on Tuya Inc. (NYSE:TUYA) from $3.49 to $3.6, while reiterating a Buy rating on the stock. Overall, analyst’s 12-month price target represents a 26.98% upside from the current level.

Tuya Inc. (NYSE:TUYA) provides an AI cloud platform that integrates artificial intelligence with smart devices and commercial applications.

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Disclosure: None. This article is originally published at Insider Monkey.