As previously reported, Seaport Research analyst Aaron Kessler downgraded Duolingo (DUOL) to Neutral from Buy with no price target following Q3 results. The firm believes a premium multiple is warranted, but believes the risk reward is now more balanced and views shares as fairly valued at current levels, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DUOL: