2 Artificial Intelligence (AI) Stocks That Can Skyrocket Up to 484%, According to Select Wall Street Analysts
Some of the loftiest AI price targets on Wall Street may prove difficult to reach.
In April, Duolingo's stock hit a 52-week low of $90.03, marking an alarming 83% decrease from its record high of $540.68 last year. As of the market close on Monday, Aug. 24, the stock has rebounded to approximately $146.84. Despite my strong optimism for the company's future, Wall Street analysts remain skeptical. Covering the stock, the 27 analysts tracked by The Wall Street Journal have an average price target of $127.07, suggesting a potential 13% decline for Duolingo over the next year.
Duolingo's platform is the world's largest digital language education provider. Wall Street's concerns center around the company's management strategy of prioritizing user growth while potentially compromising monetization in the coming years, which could negatively impact the company's financial performance. However, if this approach proves successful, Duolingo could be positioned in its strongest state in history around 2028. Consequently, I intend to remain invested in the company to potentially reap the rewards.
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