JPMorgan lowered the firm’s price target on Duolingo (DUOL) to $360 from $410 and keeps an Overweight rating on the shares. The firm reduced estimates and price targets across most of its internet coverage universe based on macro pressures, tariffs, and a potential recession. It views Duolingo as “relatively resilient” given its freemium funnel, strong engagement, diverse use cases, and the high intent nature of language learners.
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