On September 8, Duolingo, Inc. fell 5.01% in regular trading, trading at $139.06 per share, with turnover of approximately $67.40 million. The decline came amid a broad selloff across the AI application software sector.
On the news front, U.S.-listed AI software stocks came under collective selling pressure during the session. Shopify fell over 8%, UiPath dropped more than 7%, Zoom and ServiceNow each declined over 5%, while DocuSign and GitLab slid nearly 5%. Salesforce and Figma also lost over 4%. As a prominent AI-powered application, Duolingo was caught up in the sector-wide downdraft.
The education services sector similarly showed broad weakness, with TAL Education Group down 2.45%, Bright Horizons falling 1.98%, and Stride slipping 0.37%. Notably, Evercore ISI had previously upgraded Duolingo to Outperform with a $210 price target, and multiple institutions including D.A. Davidson, UBS, and JPMorgan had raised their targets in recent weeks, but short-term sector-driven selling pressure overrode individual positive catalysts.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)