JPMorgan initiated coverage of Duolingo with an Overweight rating and $270 price target. Duolingo is a leading mobile-first learning platform, providing its 88.4M monthly active users and 6.6M paid subscribers access to gamified learning courses across 40 languages, math, and music, the analyst tells investors in a research note. The firm believes the company is well positioned to deliver sustainable 20%-plus bookings and revenue growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DUOL:
- Is Duolingo Stock (NASDAQ:DUOL) a Buy After Its Strong Earnings?
- Duolingo price target raised to $241 from $210 at Needham
- Duolingo price target raised to $240 from $222 at Seaport Research
- Duolingo price target raised to $282 from $217 at Piper Sandler
- Duolingo price target raised to $260 from $230 at BofA