Needham Maintains Buy on Duolingo, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan MacDonald maintains a Buy rating on Duolingo (NASDAQ:DUOL) but lowers the price target from $267 to $245.
August 08, 2024 | 9:42 am
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Needham analyst Ryan MacDonald maintains a Buy rating on Duolingo but lowers the price target from $267 to $245.
The maintained Buy rating suggests continued confidence in Duolingo's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100