Duolingo price target raised to $360 from $303 at JPMorgan

JPMorgan raised the firm’s price target on Duolingo (DUOL) to $360 from $303 and keeps an Overweight rating on the shares. Duolingo delivered a solid Q3 beat and Q4 guidance raise across bookings, revenue, and adjusted EBITDA, the analyst tells investors in a research note. The firm says the company’s underlying fundamentals remain healthy.