DA Davidson analyst Wyatt Swanson raised the firm’s price target on Duolingo (DUOL) to $90 from $85 but keeps a Neutral rating on the shares. The company’s Q1 results were 2% ahead on bookings and 13% ahead of consensus EBITDA, but while DAUs – daily active users – showed a solid 21% growth, focus migrated towards monthly active user growth decelerating, the analyst tells investors in a research note.
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