🟢 Duolingo is trading 4% up today as software stocks rally

Duolingo is trading at $164.21, up +4.03%, as software stocks rally following Snowflake’s strong earnings and raised guidance.

• The IGV ETF rose 3.24% during regular trading, improving sentiment toward AI and cloud software.
• Evercore ISI upgraded Duolingo to Outperform on September 1 with a $210 price target.
• No fresh Duolingo-specific catalyst directly explaining the September 3 move was identified; its Citi conference participation is scheduled for September 9.