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Analysts Offer Insights on Technology Companies: Duolingo (DUOL) and Avalara (AVLR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Duolingo (DUOLResearch Report) and Avalara (AVLRResearch Report).

Duolingo (DUOL)

In a report released today, Andrew Boone from JMP Securities reiterated a Buy rating on Duolingo, with a price target of $128.00. The company’s shares closed last Friday at $93.27.

According to TipRanks.com, Boone is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -21.1% and a 21.1% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Fiverr International, and AdTheorent Holding.

Currently, the analyst consensus on Duolingo is a Moderate Buy with an average price target of $112.71.

See the top stocks recommended by analysts >>

Avalara (AVLR)

Avalara received a Hold rating from JMP Securities analyst Patrick Walravens today. The company’s shares closed last Friday at $91.82.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 6.6% and a 46.9% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and DigitalOcean Holdings.

Avalara has an analyst consensus of Hold, with a price target consensus of $95.22, a 3.3% upside from current levels. In a report issued on August 15, Raymond James also downgraded the stock to Hold.

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