BofA Upgrades Duolingo: Buy Rating Despite Lower Price Target
Bank of America upgrades Duolingo to Buy, citing strong entertainment value and high subscriber retention despite a lower price target.
Bank of America upgrades Duolingo to Buy, citing strong entertainment value and high subscriber retention despite a lower price target.
Duolingo's (DUOL) stock tumbles 23% after forecasting Q4 bookings below estimates. The language app prioritizes user growth and teaching quality while raising annual revenue guidance amid strong AI-driven subscriber gains.
Duolingo's fastest growth is in China, its most crucial market. China is the top source for the flexible, low-cost Duolingo English Test. The company is "doubling down", planning deeper investment, local hiring, and partnerships to capitalize on massive demand.