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 increased the price target from $140 to $160.

November 10, 2023 | 4:00 pm
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POSITIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Duolingo but raised the price target from $140 to $160, indicating a potential upside based on their analysis.
The increase in price target by a reputable analyst like Goldman Sachs typically suggests a positive outlook on the company's future performance and can lead to increased investor confidence. While the rating remains Neutral, the raised target price indicates an expectation of stock appreciation, which could positively influence the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100