Why Duolingo Stock Popped Today
Yahoo Finance ·
Shares of Duolingo ( DUOL +7.28% ) rose on Tuesday, following bullish analyst commentary. DA Davidson analyst Wyatt Swanson upgraded Duolingo's stock from neutral to buy. Swanson also boosted his share price forecast from $130 to $160, indicating potential gains of nearly 15% for investors who buy shares now. Swanson argues that many of the risks related to Duolingo's monetization challenges are already priced into its stock following its 60% decline over the past year.
DYAX Investor Sentiment
Bullish (Long) 27% · Bearish (Short) 73%
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