Tuya Inc.'s stock soared 5.37% during intraday trading on Friday, reflecting a significant positive movement in the market.

The price increase appears to be driven by optimistic earnings expectations ahead of the company's upcoming financial report. Analysts forecast earnings of 3 cents per share for the period, contributing to positive investor sentiment. Furthermore, the current average analyst rating for the stock is "buy," with five "strong buy" or "buy" recommendations and no "sell" or "hold" ratings. Wall Street's median 12-month price target of $3.30 also suggests a substantial potential upside from recent trading levels.