William Blair analyst Ralph Schackart has maintained their bullish stance on DUOL stock, giving a Buy rating on September 12.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight Duolingo’s strategic advancements and potential for growth. The integration with LinkedIn is a significant move, allowing users to showcase their language proficiency directly on their professional profiles, which could position Duolingo as a global standard for language learning. This partnership not only enhances the credibility of Duolingo’s educational offerings but also aligns with its mission to democratize language education.
Additionally, the expansion of Duolingo’s chess offering, particularly with the introduction of player-versus-player mode, has shown rapid user engagement, indicating strong user interest and potential for increased platform activity. The improvements in the Lily and GenAI video call features are designed to make language learning more accessible and less intimidating, further enhancing user experience. These developments collectively suggest a promising outlook for Duolingo’s growth and market position, justifying the Buy rating.