Goldman Sachs Maintains Neutral on Duolingo, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Duolingo (NASDAQ:DUOL) and raised the price target from $140 to $160.
November 09, 2023 | 4:17 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained a Neutral rating on Duolingo and raised the price target from $140 to $160.
The news is directly about Duolingo. Goldman Sachs' decision to maintain a Neutral rating indicates that they do not expect significant changes in the stock's performance. However, the increase in the price target from $140 to $160 suggests a positive outlook for the company's stock in the future. This could potentially attract investors, but the impact on the stock's price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100