JP Morgan Maintains Overweight on Duolingo, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bryan Smilek maintains an Overweight rating on Duolingo (NASDAQ:DUOL) but lowers the price target from $275 to $255.
August 08, 2024 | 4:10 pm
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NEUTRAL IMPACT
JP Morgan analyst Bryan Smilek maintains an Overweight rating on Duolingo but lowers the price target from $275 to $255.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100