Citi analyst Ygal Arounian lowered the firm’s price target on Duolingo (DUOL) to $375 from $400 and keeps a Buy rating on the shares after attending Duocon 2025. The firm believes Duolingo’s product announcements this year had a lower profile relative to the past. However, the company continues to improve its platform, which should help drive engagement, the analyst tells investors in a research note. Citi reduced Duolingo’s user forecasts to reflect third party app trends.
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