Morgan Stanley Cuts Price Target on Duolingo, Driving Shares to New 52-Week Low

Duolingo shares plummeted 6.77% in morning trading, hitting a new 52-week low, following a price target reduction by Morgan Stanley.

• Morgan Stanley reduced its price target on DUOL from $275 to $245, signaling tactical caution amidst reassessed growth expectations.
• The firm maintained its Overweight rating on the stock despite the target cut.
• The decline pushed the stock to a new 52-week low of $123.17.