Duolingo price target raised to $295 from $183 at Barclays

Barclays raised the firm’s price target on Duolingo (DUOL) to $295 from $183 and keeps an Equal Weight rating on the shares post the Q3 report. The firm says Duolingo Max, and particularly the “video calls with Lily” feature, driving higher engagement, free-to-paid conversion, upsell-rate, and gross profit per sub in Duolingo’s most trafficked corridor “is a remarkably bullish early signal.” The rest of the Q3 report ” was down the fairway as usual,” the analyst tells investors in a research note.