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Duolingo shares surge 27.3% following Q3 earnings release

Schaeffer's Research +1 · ·by G4L

DUOL
DUOL Duolingo Inc
$156.83 +1.67%
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  1. 1Duolingo shares surged 27.3% to reach a trading price of $162.09.
  2. 2Duolingo recorded a 29% year-over-year increase in daily active users (DAU) for the third quarter.
  3. 3Wells Fargo raised its price target for Duolingo from $80 to $120.

So what's the key point?

Duolingo's stock price rose significantly as the number of daily users grew by 29%. Experts raised their target price, expecting the stock to increase further.

Source Schaeffer's Research +1 · View original ↗

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