Duolingo price target lowered to $95 from $100 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Duolingo (DUOL) to $95 from $100 and keeps an Equal Weight rating on the shares. About six months into the company’s increased focus on user growth, it has not yet been able to meaningfully inflect DAUs, says the analyst, who adds that it is “unclear what & when could drive a turnaround.”