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-0.000347785763969408 0.0258520751217251 0.0186645026663575 0.0234175747739392 0.0439369348481336 0.0433572919081845 0.0619058659865523 0.0679921168560166
Stock impact report

Duolingo drives higher as strong earnings encourage upgrades [Seeking Alpha]

Duolingo, Inc. - Class A (DUOL) 
Company Research Source: Seeking Alpha
Duolingo drives higher as strong earnings encourage upgradesMay 13, 2022 9:23 AM ETDuolingo, Inc. (DUOL)By:Kevin P. CurranSA News Editor1 Commentstockcam/iStock Unreleased via Getty ImagesNASDAQ:is any indicator.Shares of the Pittsburgh-based online learning platform soared higher, marking an over 17% gain at Friday’s pre-market highs, projecting to add to solid gains on Thursday after its positive earnings report. The extended move after earnings is being driven, in part, by more confidence voiced on Wall Street.“We are upgrading our rating on Duolingo to Outperform from Market Perform with a $98 price target,” Raymond James analyst Aaron Kessler wrote to clients on Friday. “The company continues to demonstrate strong momentum, and we believe the valuation is attractive.”He pointed to strong user growth, subscription growth, and recently raised guidance on earnings as reasons for faith in management. In fact, Kessler considered the possibility that theHe explained that a large total Show less Read more
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