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Duolingo Stock Surges 10% to $370 on Morgan Stanley's Bullish Rating, Trading Volume Drops to $233 Million
Generated by AI AgentAinvest Market Brief
Thursday, Apr 24, 2025 8:00 pm ET1min read
On April 24, 2025, Duolingo's trading volume reached $233 million, marking a 42.95% decrease from the previous day. The company's stock price rose by 1.36%, marking the third consecutive day of gains, with a total increase of 18.65% over the past three days.
Morgan Stanley analysts have initiated coverage of
with an "overweight" rating and a price target of $435, which is the highest on Wall Street. This move has significantly boosted investor confidence in the language-learning platform.Duolingo's stock price surged following Morgan Stanley's initiation of coverage, reflecting strong investor confidence amidst promising growth indicators. The company's shares have shown remarkable performance, rising by 10% on Wednesday, following a 6.4% gain the previous day.
Morgan Stanley's vote of confidence has sent Duolingo shares up by 10% to $370, marking a significant two-day run for the company. This surge is attributed to the positive outlook provided by one of Wall Street's biggest firms, highlighting Duolingo's potential for growth.
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