JPMorgan lowered the firm’s price target on Duolingo (DUOL) to $92 from $95 and keeps a Neutral rating on the shares. The firm reduced the company’s dilate active user estimates ahead of the Q1 report on May 4. Duolingo’s initiatives across improving teaching efficacy, enhancing the free user experience, and emerging growth verticals like chess, math and music are likely take time to translate toward user growth, the analyst tells investors in a research note.
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