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00:02Duolingo shares traded higher, Tuesday after DA Davidson upgraded the stock to buy from
00:08neutral and raised its price target to $160 from $130, according to Benzinga Pro.
00:14Analyst Wyatt Swanson said, Duolingo's monetization, product improvements,
00:19and marketing shifts are not getting enough credit from investors and could support sustained
00:24growth. Swanson pointed to daily active user growth as a key driver and expects bookings
00:29to eventually catch up with that momentum. Duolingo has moved above its 20-day, 50-day,
00:35100-day, and 200-day moving averages, though momentum indicators remain mixed.
00:41The stock faces resistance near $144, while $117 stands out as a key support level.
00:48Shares were up by 5.27% at 147 AUD in Wednesday's pre-market trading, according to Benzinga Pro.
00:55For all things money, visit Benzinga.com.
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