DA Davidson raised the firm’s price target on Duolingo (DUOL) to $410 from $400 and keeps a Buy rating on the shares. According to the firm’s proprietary analysis of tracking course enrollments, the company’s Q1 daily active user growth is tracking ahead of consensus of 44.6% and guidance of mid-40’s that the management gave during its Q4 earnings call, the analyst tells investors in a research note.
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