Analysts’ Top Technology Picks: Duolingo (DUOL), Elastic (ESTC)
Analysts fell to the sidelines weighing in on Duolingo (DUOL – Research Report), Elastic (ESTC – Research Report) and Ambarella (AMBA – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Duolingo (DUOL)
In a report released today, Justin Patterson from KeyBanc maintained a Hold rating on Duolingo. The company’s shares closed last Thursday at $117.45.
According to TipRanks.com, Patterson is a 4-star analyst with an average return of
Currently, the analyst consensus on Duolingo is a Moderate Buy with an average price target of $187.40, which is a 66.5% upside from current levels. In a report released today, Morgan Stanley also downgraded the stock to Hold with a price target.
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Elastic (ESTC)
KeyBanc analyst Eric Heath maintained a Hold rating on Elastic today. The company’s shares closed last Thursday at $61.58.
According to TipRanks.com, Heath is a 4-star analyst with an average return of
Elastic has an analyst consensus of Strong Buy, with a price target consensus of $93.93, which is a 59.2% upside from current levels. In a report issued on February 20, TD Cowen also maintained a Hold rating on the stock with a $70.00 price target.
Ambarella (AMBA)
In a report released today, John Vinh from KeyBanc maintained a Hold rating on Ambarella. The company’s shares closed last Thursday at $70.90.
According to TipRanks.com, Vinh is a 5-star analyst with an average return of
Currently, the analyst consensus on Ambarella is a Moderate Buy with an average price target of $83.33, implying a 18.0% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $65.00 price target.
