On September 3, Duolingo, Inc. rose 5.38% in regular trading, trading at $164.37 per share, with turnover of $16.71 million. The rally was driven by a wave of investment bank upgrades and price target increases that have continued to lift market sentiment.

Most notably, Evercore ISI upgraded Duolingo from In Line to Outperform and doubled its price target from $105 to $210, arguing that the market may have overestimated the competitive threat posed by ChatGPT to Duolingo's business. The firm also raised its EPS estimates for fiscal 2027 and 2028. Additionally, D.A. Davidson upgraded the stock from Neutral to Buy with a $160 target, JPMorgan raised its target to $135, while both Wedbush and UBS lifted their targets to $150 with constructive stances. The broader AI application software sector has also strengthened recently, providing a favorable tailwind. Duolingo's recent acquisition of UK animation studio Animade further bolsters its product differentiation and creative capabilities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)