Duolingo price target lowered to $170 from $205 at DA Davidson

DA Davidson lowered the firm’s price target on Duolingo (DUOL) to $170 from $205 and keeps a Neutral rating on the shares. In-house data which tracks over 170K existing Duolingo users suggests that January had the strongest m/m increase since the firm began tracking figures in July, though extrapolating January’s strength for all of Q1 shows that implied Daily Active Users come in about 4% below the current consensus estimates, the analyst tells investors in a research note.