Duolingo, Inc. (NASDAQ: DUOL) saw its shares plummet by 5.07% in Monday's pre-market trading session, following a significant price target cut by Jefferies. The language-learning platform's stock faced downward pressure after the investment bank lowered its target price from $325 to $210, representing a substantial 35% reduction.

The dramatic cut in Duolingo's price target by Jefferies has raised concerns among investors about the company's growth prospects and valuation. While the specific reasons behind the target price reduction were not immediately disclosed, such moves are typically based on reassessments of a company's financial outlook, market conditions, or competitive landscape.

This development comes at a time when the tech sector has been facing increased scrutiny from investors and analysts. For Duolingo, which has been known for its innovative approach to language learning, the lowered price target may signal challenges ahead in maintaining its growth trajectory or monetizing its user base effectively. Investors will likely be closely watching for any further analyst comments or company updates to gauge the long-term implications of this price target adjustment on Duolingo's stock performance.