Duolingo shares are trading higher after UBS on Thursday initiated coverage on the stock with a Buy rating and a $195 price target.
Portfolio Pulse from Benzinga Newsdesk
UBS has initiated coverage on Duolingo's stock with a Buy rating and a $195 price target. This has led to Duolingo shares trading higher.
September 29, 2023 | 2:17 pm
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POSITIVE IMPACT
Duolingo's stock is trading higher after UBS initiated coverage with a Buy rating and a $195 price target.
The initiation of coverage by UBS with a Buy rating and a high price target indicates a positive outlook for Duolingo's stock. This has led to an increase in the stock's trading price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100