🟢 Duolingo is trading 4.5% up in pre-market after D.A. Davidson upgrade to Buy

Duolingo is trading 4.5% up in pre-market at $135.96 after D.A. Davidson upgraded it from Neutral to Buy and raised its price target to $160.

• CNBC reported shares rose about 3% pre-market, citing potential turning points in daily-active-user growth and monetization.
• Citi raised its price target, while Duolingo disclosed its acquisition of London animation studio Animade.