• Barclays cut the price target on Avis Budget Group, Inc. (NASDAQ:CAR) from $245 to $223. Avis Budget shares rose 2.3% to $224.98 in pre-market trading.
• Piper Sandler cut Affirm Holdings, Inc. (NASDAQ:AFRM) price target from $58 to $32. Affirm shares jumped 37.4% to $24.78 in pre-market trading.
• B of A Securities lowered the price target for Duolingo, Inc. (NASDAQ:DUOL) from $165 to $135. Duolingo shares rose 17.5% to $78.68 in pre-market trading.
• UBS lowered the price target on Tapestry, Inc. (NYSE:TPR) from $48 to $36. Tapestry shares fell 0.3% to $30.53 in pre-market trading.
• Raymond James reduced the price target for New Relic, Inc. (NYSE:NEWR) from $140 to $70. New Relic shares fell 12.2% to $42.00 in pre-market trading.

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