B of A Securities Maintains Buy on Duolingo, Raises Price Target to $298
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Duolingo and raised the price target from $292 to $298, indicating confidence in the company's future performance.
September 25, 2024 | 3:15 pm
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B of A Securities has reaffirmed its Buy rating on Duolingo and increased the price target to $298, suggesting positive expectations for the company's stock performance.
The reaffirmation of a Buy rating and an increase in the price target by a reputable analyst firm like B of A Securities typically signals confidence in the company's future performance. This can lead to positive investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100