Duolingo surges on double analyst upgrade with target price doubled
+7.02% to $158.77 from $148.36
What moved DUOL
- Evercore ISI analyst Mark Mahaney upgraded Duolingo to Outperform from In Line and doubled the price target to $210 from $105.
- DA Davidson separately raised its price target on Duolingo to $175.
- A separate research note compared Duolingo’s current stock setup to Netflix’s in 2022.
- Shares rose sharply on the back of the dual upgrades.
Sources: Benzinga · Schaeffer's Investment Research · Blockonomi