Evercore ISI upgrades Duolingo to Outperform, raises target to $210
Duolingo shares jumped after Evercore ISI upgraded the language-learning company to Outperform and doubled its price target to $210 from $105, saying ChatGPT disruption fears are overstated.
Duolingo NASDAQ:DUOL shares jumped after Evercore ISI upgraded the language-learning company to Outperform and doubled its price target to $210 from $105, arguing that fears of ChatGPT disrupting the business are proving overstated.
The call challenges one of the biggest bear cases surrounding Duol…