JMP Securities Maintains Market Outperform on Duolingo, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has maintained a Market Outperform rating on Duolingo and raised its price target from $260 to $275, indicating confidence in the company's future performance.
September 25, 2024 | 11:02 am
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JMP Securities has increased its price target for Duolingo from $260 to $275 while maintaining a Market Outperform rating, suggesting a positive outlook for the company's stock.
The increase in price target from $260 to $275 by JMP Securities, along with the maintained Market Outperform rating, indicates a strong positive sentiment towards Duolingo's future performance. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100