UBS Initiates Coverage On Duolingo with Buy Rating, Announces Price Target of $195
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Chris Kuntarich has initiated coverage on Duolingo (NASDAQ:DUOL) with a Buy rating and a price target of $195.
September 28, 2023 | 11:12 am
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UBS has initiated coverage on Duolingo with a Buy rating and a price target of $195, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. A Buy rating from a reputable institution like UBS, coupled with a high price target, indicates strong confidence in the company's prospects. This could attract more investors to the stock, driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100