Morgan Stanley analyst Nathan Feather lays out the “Triple-Double” bull case for Duolingo (DUOL) to double users, double revenue per user, and double margin, which, if achieved, would lead to about $2B of EBITDA. The analyst, who thinks the market “underappreciates the likelihood of success and further upside optionality” even with the roughly 60% run in share price since March, has an Overweight rating and $515 price target on Duolingo shares.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DUOL:
- Duolingo’s Growth Potential: A ‘Triple-Double’ Strategy for Substantial Upside
- Denied Apple stay ‘big deal’ for app developers, says JPMorgan
- Duolingo price target raised to $580 from $500 at JPMorgan
- Duolingo price target raised to $600 from $470 at DA Davidson
- Duolingo price target raised to $600 from $470 at Scotiabank
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue