Citizens JMP downgraded Duolingo (DUOL) to Market Perform from Outperform without a price target following the earnings report. The firm sees no catalyst ahead for Duolingo to drive user growth. The company’s product tests are “iterations” that drive small incremental improvements, the analyst tells investors in a research note.
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Read More on DUOL:
- Duolingo price target lowered to $300 from $465 at JPMorgan
- Duolingo downgraded to Sector Weight from Overweight at KeyBanc
- Optimistic Buy Rating for Duolingo Amid Market Conditions and Strategic Initiatives
- Duolingo’s Strategic Innovations and Revenue Growth Justify Buy Rating
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