Needham Maintains Buy on Duolingo, Raises Price Target to $241
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan MacDonald maintains a Buy rating on Duolingo (NASDAQ:DUOL) and raises the price target from $210 to $241.
February 29, 2024 | 8:32 pm
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Needham analyst Ryan MacDonald maintains a Buy rating on Duolingo and raises the price target from $210 to $241.
The increase in the price target by a reputable analyst suggests a positive outlook on Duolingo's stock, likely leading to increased investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100