Evercore Turns Bullish on Duolingo After Product Survey
Evercore doubles Duolingo’s price target to $210 after raising forecasts. The firm cites product gains and estimates 10% and 25% above consensus.
Evercore doubles Duolingo’s price target to $210 after raising forecasts. The firm cites product gains and estimates 10% and 25% above consensus.
DA Davidson upgrades Duolingo to Buy, citing underappreciated marketing, monetization changes, and a long runway for daily active user growth.
Duolingo’s daily users jumped 23% to 58.7M in Q2, but soft Q3 revenue guidance of $302M missed estimates and sent shares down over 11%.
BofA cuts Duolingo’s rating, warning that high valuation, AI risks, and uncertain growth could pressure the stock.
Duolingo grew users and revenue, but stock fell as it focuses on long-term learning improvements over fast profits.
Argus downgrades Duolingo stock from Buy to Hold, citing pressure on revenue from focus on daily user growth via chess, math, and music expansions.