Duolingo price target raised to $193 from $188 at BofA

BofA analyst Curtis Nagle raised the firm’s price target on Duolingo to $193 from $188 and keeps a Neutral rating on the shares following “a solid 3Q beat.” The firm increased its Q4 and 2024 revenue and EBITDA estimates on higher paid subscribers and opex leverage, but thinks growth is “likely priced-in already.”