Alliance Global Partners, a well-known investment bank in the US, released a research report yesterday, raising the JG.US (JG.US) “buy” rating and target price of 7 US dollars.

AGP stated in its research report:

Aurora's 4Q23 performance has rebounded, and revenue for the full year of 2023 continues to rise, thanks to the growing trend of ARPU values and the increase in new customers for developer subscription services;

The adjusted net profit before interest, tax, depreciation and amortization achieved the first two consecutive quarters of profit, marking that Aurora has reached the break-even point;

The rapid expansion of overseas business in 4Q2023 led to strong revenue growth. The rapid expansion of overseas markets had a positive impact on Aurora's overall revenue and laid a solid foundation for its future sustainable development;

Aurora's operating costs have been drastically reduced, and thanks to strict cost control, it has successfully reduced costs and increased efficiency;

Aurora successfully broadened its customer base, and the customers it attracted covered a wide range of market segments and were not limited to specific industries, proving the effectiveness and broad adaptability of its business model and strategy;

Raising the “buy” rating and the target price of $7, there is a potential increase of 226% compared to Aurora's closing price on March 12.

Source: WeChat account “Aurora JIGUANG”