Duolingo Stock Soars On Target Hikes: Is A Short Squeeze Brewing?

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 ...