Why Did Tuya Stock Soar 7.76%?

On May 12, 2025, Tuya's stock surged by 7.76% in pre-market trading, reflecting a significant bullish sentiment among investors.

Tuya, a leading IoT platform provider, has been the subject of various analyst ratings and market commentary. Morgan Stanley recently maintained its Overweight rating on Tuya, indicating a positive outlook on the company's future performance. This rating, coupled with a target price of $4.20, suggests that analysts believe Tuya has strong growth potential and is well-positioned in the market.

The positive analyst ratings and market sentiment have likely contributed to the recent surge in Tuya's stock price. Investors are optimistic about the company's prospects, driven by its innovative technology and strategic partnerships. As Tuya continues to expand its IoT solutions and enhance its market presence, it is expected to attract more investment and drive further growth.