BofA analyst Nat Schindler raised the firm’s price target on Duolingo to $160 from $105 and keeps a Buy rating on the shares. Duolingo shares are up 53% since its "strong above-Street" Q4 results, notes the firm, which says Q1 Sensor Tower estimates suggest continued strength in global DAU growth. The firm estimates 11% EBITDA margin in 2023 and increased its 2024 margin forecast to 16% from 13%.
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