DA Davidson analyst Wyatt Swanson raised the firm’s price target on Duolingo (DUOL) to $350 from $250 and keeps a Buy rating on the shares. The firm is positive on the company’s earnings report that came out ahead of estimates on all metrics, adding it is increasingly confident in Duolingo’s ability to attract new audiences to the platform while also re-engaging existing users that stopped using the service for some time, the analyst tells investors in a research note.
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Read More on DUOL:
- Duolingo price target raised to $351 from $271 at Piper Sandler
- Duolingo gives AI chatbot demonstration on earnings call, Business Insider says
- Duolingo price target raised to $355 from $325 at BofA
- Duolingo downgraded to Neutral at Seaport Research on valuation
- Duolingo downgraded to Neutral from Buy at Seaport Research