After Duolingo (DUOL) earlier today announced, along with its CFO transition, a preliminary update on operating metrics for its Q4, Truist notes after having spoken to Duolingo management that they indicated that they expect a smooth transition to Gillian Munson. While “surprised” with the timing of Matt Skaruppa’s departure and that this announcement was not made on the company’s Q4 earnings call, the firm said preliminary Q4 metrics were “solid” and it keeps a Buy rating and $245 price target on Duolingo shares.
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