Seaport Research initiated coverage of Duolingo with a Buy rating and $222 price target. The firm has positive fundamental view, calling Duolingo the “clear leader in a large language learning market increasingly shifting online” and believes the company can drive 20%-plus long-term revenue growth. The firm also believes Duolingo can generate 35%- plus long-term EBITDA, driven by sales and marketing leverage from its freemium model, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DUOL:
- Can Duolingo Stock (NASDAQ:DUOL) Generate Multi-Bagger Returns?
- Duolingo to Announce Fourth Quarter and Full Year 2023 Results on Wednesday, February 28, 2024
- Educational Tech Stocks Take a Hit amid AI Fears
- Duolingo downgraded to Sell from Neutral at Goldman Sachs
- Duolingo price target raised to $230 from $193 at BofA
