Analyst: Duolingo Stock Trading at "Peak Valuation"

Duolingo Inc (NASDAQ:DUOL) is trading at "peak valuation," according to a bear note at Bank of America. The analyst downgraded DUOL to "neutral" from "buy," but raised its price target to $375 from $355. In addition to its valuation concerns, the analyst in question said the chances that the language learnings company beats expectations for its next quarterly report are slim. Down 1.3% before the bell and looking to open around $357, Duolingo stock remains within shooting distance of its record highs. Speci ...