Agora (API) CEO to Purchase up to $20M in Stock

Agora, Inc. (NASDAQ:API) is one of the 15 Best Tech Stocks with Huge Upside Potential.

On June 1, 2026, Agora, Inc. (NASDAQ:API) announced that founder, chairman, and CEO Tony Zhao informed the Board of Directors of his intention to use personal funds to purchase up to $20M of Agora’s American depositary shares or Class A ordinary shares over the next 12 months. The purchases will be subject to applicable rules, regulations, and Agora’s insider trading policy.

On May 27, 2026, BofA analyst Daley Li lowered the firm’s price target on Agora, Inc. (NASDAQ:API) to $6.60 from $7.10 and maintained a Buy rating on the shares. Li said BofA was rolling over its valuation after Agora reported Q1 results that beat expectations, with potential Q2 growth acceleration.

On May 26, 2026, Agora, Inc. (NASDAQ:API) reported Q1 revenue of $37.7M, up from $33.3M last year. Zhao said the company delivered another quarter of accelerating growth and its sixth consecutive quarter of GAAP profitability. Zhao also cited the launch of Agent Studio, a no-code platform for building, deploying, and scaling voice AI agents, along with customer adoption and growth in platform usage.

Agora (API) CEO to Purchase up to $20M in Stock

Agora, Inc. (NASDAQ:API) operates a real-time engagement platform-as-a-service in the United States, the People’s Republic of China, and internationally.

While we acknowledge the risk and potential of API as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than API and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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