William Blair analyst Ralph Schackart has maintained their bullish stance on DUOL stock, giving a Buy rating today.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight Duolingo’s potential for continued growth. The management team at Duolingo expressed confidence in the company’s ability to sustain its daily active user (DAU) growth, despite recent challenges in social media sentiment. They are optimistic about the new ‘Energy’ feature and its potential to enhance user engagement, which could further drive DAU growth.
Moreover, Duolingo is strategically adjusting its marketing approach by pulling back on certain social media campaigns to rebuild positive sentiment and exploring performance marketing in the U.S. This shift in strategy is informed by successful past experiences in other markets. These factors, combined with a strong top-of-funnel and the company’s ability to navigate competitive pressures, underpin Schackart’s positive outlook on Duolingo’s stock.
In another report released today, Citi also initiated coverage with a Buy rating on the stock with a $400.00 price target.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DUOL in relation to earlier this year.