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Duolingo price target raised to $515 from $500 at JPMorgan

JPMorgan analyst Bryan Smilek raised the firm’s price target on Duolingo (DUOL) to $515 from $500 and keeps an Overweight rating on the shares. The company stabilizing user trends and upside to Q2 guidance, the analyst tells investors in a research note. The firm remains bullish on Duolingo’s artificial intelligence innovation and stabilizing active user trends.

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