Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Duolingo (DUOL) to $351 from $271 and keeps an Overweight rating on the shares. The firm notes Duolingo posted modest upside to revenues, with bookings and margins coming in well-ahead of expectations. With the stock up 101% since August 7, Piper is unsurprised with the selloff in the after-market.
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