Shares of language learning app Duolingo, Inc. (DUOL) plummeted 5.39% on Wednesday, following a downgrade by BofA Securities analyst Curtis Nagle from Buy to Neutral. Nagle maintained a price target of $375 on the stock.
The downgrade comes amid an average Overweight rating for DUOL among analysts, with a mean price target of $354.82 according to FactSet data.
The stock's decline occurred during Wednesday's trading session, suggesting the downgrade from the influential Wall Street firm weighed on investor sentiment toward the education technology company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments