Duolingo (DUOL) shares dropped 8.45% to $120.78 during intraday trading, driven by a broader market decline affecting technology stocks amid concerns over Federal Reserve policy and reports impacting the AI sector.
- The decline occurred as the NASDAQ Composite fell 1.29% and the S&P 500 dropped 0.73%, fueled by investor anxiety over the Kevin Warsh Fed Chair nomination and stalled Nvidia/OpenAI investment reports.
- The stock's drop continues a significant recent downtrend, having fallen 25.24% over the last 30 days and nearly 50% over the past 90 days.
- Despite the recent weakness, most major analysts maintain Buy ratings, though price targets remain mixed, ranging widely from $160 to $600.