Duol stock price institutional buying activity has risen

Institutional buying activity has risen steadily, aligning with positive earnings revisions in the edtech sector. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Duol stock price action above the psychological $240 level is catching the eye of growth-oriented funds. Multiple broker upgrades in April add fuel to the bullish narrative.