B of A Securities Reinstates Neutral on Duolingo, Announces $188 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Curtis Nagle has reinstated Duolingo (NASDAQ:DUOL) with a Neutral rating and announced a price target of $188.
October 19, 2023 | 2:24 pm
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NEUTRAL IMPACT
Duolingo's stock may see some movement following the reinstatement of a Neutral rating and a price target of $188 by B of A Securities.
Analyst ratings and price targets can influence investor sentiment and potentially impact a stock's price. In this case, B of A Securities has reinstated a Neutral rating on Duolingo, indicating that they believe the stock is fairly valued at its current price. The announced price target of $188 may also influence investor decisions, potentially leading to some movement in the stock's price. However, as the rating is Neutral, the impact may not be significant.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100