Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Duolingo (DUOL) to $351 from $271 and keeps an Overweight rating on the shares. The firm notes Duolingo posted modest upside to revenues, with bookings and margins coming in well-ahead of expectations. With the stock up 101% since August 7, Piper is unsurprised with the selloff in the after-market.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DUOL:
- Duolingo gives AI chatbot demonstration on earnings call, Business Insider says
- Duolingo price target raised to $355 from $325 at BofA
- Duolingo downgraded to Neutral at Seaport Research on valuation
- Duolingo downgraded to Neutral from Buy at Seaport Research
- Duolingo price target raised to $360 from $303 at JPMorgan