Duolingo price target raised to $155 from $128 at JMP Securities

JMP Securities raised the firm’s price target on Duolingo to $155 from $128 and keeps an Outperform rating on the shares. The firm expects Duolingo to report better-than-expected Q1 results on May 9 given ongoing strong user engagement on the platform, and sees Duolingo Max as having the potential to inflect subscription monetization, the analyst tells investors in a research note.