🟢 Duolingo Inc. surges 6% after DA Davidson raises price target to $120

Duolingo Inc. is trading 6% up at $124.88, extending gains after a positive analyst action and as part of a broader tech rebound.

• On June 9, DA Davidson analyst Wyatt Swanson raised the price target on Duolingo to $120 from $90, while maintaining a Neutral rating.
• The new price target suggests increased confidence from the analyst regarding the stock's valuation as it trades near the new target.
• The move also occurs amid a continuing rebound in growth-oriented tech stocks following a sharp pullback in the prior week.