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Analysts Offer Insights on Technology Companies: Duolingo (DUOL) and Avnet (AVT)

Tipranks - Tipranks - Fri Jan 9, 6:40AM CST

Analysts are pulling back from the Technology sector as 2 experts expressed today bearish sentiments on Duolingo (DUOL – Research Report) and Avnet (AVT – Research Report).

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Duolingo (DUOL)

Wells Fargo analyst Alec Brondolo maintained a Sell rating on Duolingo today and set a price target of $160.00. The company’s shares closed last Wednesday at $176.30, close to its 52-week low of $145.05.

According to TipRanks.com, Brondolo is a 4-star analyst with an average return of 21.4% and a 63.9% success rate. Brondolo covers the NA sector, focusing on stocks such as Trade Desk, AppLovin, and Take-Two. ;'>

Currently, the analyst consensus on Duolingo is a Moderate Buy with an average price target of $260.36.

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Avnet (AVT)

In a report released today, Ruplu Bhattacharya from Bank of America Securities maintained a Sell rating on Avnet, with a price target of $50.00. The company’s shares closed last Wednesday at $49.03.

According to TipRanks.com, Bhattacharya is a 4-star analyst with an average return of 7.9% and a 60.7% success rate. Bhattacharya covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Vishay Intertechnology, and TD SYNNEX Corporation. ;'>

Currently, the analyst consensus on Avnet is a Moderate Sell with an average price target of $49.33.

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