Duolingo price target raised to $470 from $405 at Scotiabank

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.