Morgan Stanley analyst Nathan Feather raised the firm’s price target on Duolingo (DUOL) to $500 from $480 and keeps an Overweight rating on the shares after the company’s results “handily beat across the board” and daily active users came in “well ahead of buy-side expectations” for Q2. U.S. weakness appears temporary while structural tailwinds are strong, adds the analyst, who sees momentum on monetization and margin.
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