Duolingo, Inc. (DUOL) shares surged 5.38% during Monday's intraday trading session, reflecting strong investor optimism following a key analyst upgrade.
The rally was triggered by BofA Global Research upgrading Duolingo's rating to "Buy" from "Neutral," citing a potential 41.7% upside despite cutting its price target to $250 from $301. The upgrade signals renewed confidence in the language-learning platform's growth prospects, especially after the stock's 45.9% decline in 2025.
According to LSEG data, Duolingo currently holds an average "Buy" rating from analysts, with a median price target of $292.50. The upgrade has positioned the stock as a rebound candidate, attracting traders seeking upside in the new year.
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