Raymond James analyst Alexander Sklar has maintained their neutral stance on DUOL stock, giving a Hold rating on August 14.
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Alexander Sklar’s rating is based on Duolingo’s strong position in the mobile language learning market, particularly due to its expertise in gamified product design that enhances user engagement and retention. Despite the introduction of new language learning features by Google Translate, Sklar believes that Duolingo’s structured learning paths and insights into language acquisition provide a superior retention advantage over Google’s more open-ended AI interactions.
Furthermore, while Google’s offerings could pose a potential threat, they currently lack some of the key features that Duolingo provides, such as tailored video call experiences and comprehensive grammar guidance. Sklar acknowledges the potential for Google to expand its features, but he maintains that Duolingo’s continuous refinement of its offerings, especially in AI-based learning, positions it well against emerging competitors. As a result, he has opted for a Hold rating, reflecting a balanced view of Duolingo’s strengths and the competitive landscape.
Sklar covers the Technology sector, focusing on stocks such as Powerfleet, BlackLine, and nCino. According to TipRanks, Sklar has an average return of 5.9% and a 50.00% success rate on recommended stocks.
In another report released on August 14, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $353.00 price target.