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Duolingo Stock Soars On Target Hikes: Is A Short Squeeze Brewing?
DUOLDuolingo(DUOL) Benzinga·2024-09-25 19:11

Duolingo Inc DUOL saw its stock spike over 8% on Wednesday thanks to bullish price target revisions from top analysts. Needham has upped its price target to $310 JMP Securities set a new target at $275 Bank of America chimed in with an increase to $298, and JPMorgan capped it all off with an upward revision to $303. This wave of optimism stems from Duolingo's strategic use of Generative AI and large language models (LLMs). JPMorgan analyst Bryan M. Smilek stated, "We believe Duolingo is leveraging GenAI/LLM ...