Duolingo price target raised to $410 from $400 at JPMorgan

JPMorgan raised the firm’s price target on Duolingo (DUOL) to $410 from $400 and keeps an Overweight rating on the shares post the Q4 report. The shares traded down 7% post-close as the company’s 2025 bookings and adjusted EBITDA guidance were modestly below high investor expectations, the analyst tells investors in a research note. However, the firm is encouraged by Duolingo’s artificial intelliotence product cycle led by Max, which it notes comprises 5% of paid subscribers entering 2025.