On October 15, Duolingo, Inc. rose 5.2% in Regular Trading, trading at $146.95 per share, with turnover of $78.8949 million.
The move coincided with renewed market attention ahead of the company’s scheduled third-quarter results release on November 3, which has increased trading activity around the stock.
Duolingo, Inc. previously reported quarterly revenue of $298.5 million and EPS of $0.66, both above expectations, while its outlook for the following quarter pointed to revenue growth of about 11.1% and expected EPS of about $0.55 to $0.56. More recently, bullish sentiment also received support from an earlier analyst upgrade to outperform with a $210 price target, although user complaints tied to auto-renewal refunds have remained a near-term overhang.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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