Duolingo price target lowered to $330 from $540 at Evercore ISI

Evercore ISI analyst Mark Mahaney lowered the firm’s price target on Duolingo (DUOL) to $330 from $540 and keeps an Outperform rating on the shares. Duolingo’s Q3 earnings report revealed a mixed bag, with an unexpected guidance miss leading to a sharp stock correction, the analyst tells investors in a research note. The firm added that the focus on use growth over immediate financial targets suggests a strategic long-term vision, but the market’s initial reaction reflects concerns over near-term profitability pressures.