As previously reported, Argus initiated coverage of Duolingo (DUOL) with a Buy rating and $575 price target The firm is positive on the company’s “impressive” record of growth and profitability while noting that its recent results are “trending positively”, the analyst tells investors in a research note. Argus adds that it expects growth in the company’s daily average users to continue as Duolingo expands beyond language learning into areas like chess, math, and music.
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