Duolingo price target raised to $400 from $36 at JPMorgan

JPMorgan raised the firm’s price target on Duolingo (DUOL) to $400 from $36 and keeps an Overweight rating on the shares. The firm increased 2025 daily active user, paid subscribers, and bookings estimates citing Duolingo’s “strong” product optimizations, increased focus on resurrected user growth, solid marketing campaigns and momentum