Scotiabank analyst Nat Schindler raised the firm’s price target on Duolingo (DUOL) to $470 from $405 and keeps an Outperform rating on the shares. The company opened the year with strong execution, beating key metrics and raising its FY guidance, the analyst tells investors. With a seasonally softer Q2 ahead, investors will likely focus on the durability of English learner monetization, Max upgrades, and how fast new AI features can scale, the firm adds.
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Read More on DUOL:
- Duolingo price target raised to $470 from $410 at DA Davidson
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- Duolingo price target raised to $500 from $400 at UBS
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- Duolingo’s Strong Market Position and Growth Potential Drive Buy Rating
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