Duolingo Stock (DUOL): $137 Price Target From Piper Sandler

By Amit Chowdhry ● Jan 17, 2022
  • The shares of Duolingo Inc (NASDAQ: DUOL) have received a $137 price target from Piper Sandler. These are the details.

The shares of Duolingo Inc (NASDAQ: DUOL) have received a $137 price target from Piper Sandler. And Piper Sandler analyst Arvind Ramnani reduced the price target from $182 while maintaining an “Overweight” rating on the company shares.

Ramnani had reduced the price targets on 20 vertical and software and fintech companies following multiple reset and estimate revisions. And while some of the sector’s 26% pullback since the start of November is warranted, the risk/reward is attractive on higher-quality names as fundamentals and underlying business drivers remain intact.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.