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Analysts Offer Insights on Technology Companies: Appian (APPN), Shopify (SHOP) and Duolingo (DUOL)

Tipranks - Tipranks - Tue Jun 2, 6:36AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Appian (APPN), Shopify (SHOP) and Duolingo (DUOL).

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Appian (APPN)

The company’s shares closed last Friday at $23.40.

According to TipRanks.com, Wood is a 3-star analyst with an average return of 1.4% and a 46.4% success rate. Wood covers the Technology sector, focusing on stocks such as Tyler Technologies, Rimini Street, and Salesforce. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Appian with a $26.20 average price target, representing a 17.5% upside. In a report issued on May 18, Morgan Stanley also maintained a Hold rating on the stock with a $25.00 price target.

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Shopify (SHOP)

In a report issued on May 29, Todd Coupland from CIBC maintained a Buy rating on Shopify, with a price target of $185.00. The company’s shares closed last Friday at $118.71, close to its 52-week high of $129.38.

According to TipRanks.com, Coupland is a 4-star analyst with an average return of 14.2% and a 50.0% success rate. Coupland covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, Quarterhill, and BlackBerry. ;'>

Currently, the analyst consensus on Shopify is a Strong Buy with an average price target of $156.99, implying a 34.9% upside from current levels. In a report issued on May 20, Piper Sandler also maintained a Buy rating on the stock with a $150.00 price target.

Duolingo (DUOL)

J.P. Morgan analyst Bryan Smilek maintained a Hold rating on Duolingo today and set a price target of $94.00. The company’s shares closed last Friday at $111.36.

According to TipRanks.com, Smilek is ranked #12025 out of 12287 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Duolingo with a $104.00 average price target, which is a -4.1% downside from current levels. In a report issued on May 19, KeyBanc also maintained a Hold rating on the stock.

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