tiprankstipranks

JPMorgan ‘incrementally positive’ on Duolingo after user survey

JPMorgan analyst Bryan Smilek keeps an Overweight rating on Duolingo (DUOL) with a $410 price target after surveying 1,000 language learners to better understand trends across acquisition, engagement, propensity to pay, teaching efficacy, and the company’s generative artificial intelligence features. The firm came away “incrementally positive” on Duolingo’s positioning and market share, Max demand, teaching efficacy, Family Plan adoption, and engagement. The company’s use cases for language learning are expansive, the analyst tells investors in a research note.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue