🔴 Duolingo is trading 4.02% down today after BofA downgrade to Underperform on valuation and growth risks

Duolingo is trading at $130.34 (-4.02%) after Bank of America downgraded the stock to Underperform, citing valuation concerns and growth risks.

• Bank of America lowered its price target to $93 from $103, noting that the stock's high-valuation setup leaves it vulnerable following its recent rally.
• The decline appears company-specific, as the broader software sector is gaining momentum with the IGV ETF up 3.50% today.