DA Davidson analyst Wyatt Swanson raised the firm’s price target on Duolingo (DUOL) to $600 from $470 and keeps a Buy rating on the shares. The firm is updating its model to reflect its proprietary analysis of tracking Duolingo course enrollments, noting the current Q2 daily active user growth is ahead of consensus rate estimate of 43.7% Y/Y and is also slightly above the high-end of “40%-45% growth” company guidance, the analyst tells investors in a research note. Duolingo can hold up well in a recessionary environment given its insulation from tariffs, the firm added.
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