Needham Maintains Buy on Duolingo, Raises Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan MacDonald maintains a Buy rating on Duolingo and raises the price target from $245 to $310, indicating confidence in the company's future performance.
September 25, 2024 | 10:35 am
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Needham analyst Ryan MacDonald has reiterated a Buy rating for Duolingo and increased the price target from $245 to $310, suggesting a positive outlook for the company's stock.
The increase in price target from $245 to $310 by Needham indicates a strong positive sentiment towards Duolingo's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100