Seaport Research raised the firm’s price target on Duolingo to $240 from $222 and keeps a Buy rating on the shares. The company reported strong Q4 bookings momentum and guided to continued momentum for 2024, the analyst tells investors in a research note. The firm believes Duolingo’s sales and EBITDA guidance could prove conservative once again.
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 the top stocks recommended by analysts >>
Read More on DUOL:
- DUOL Earnings: Duolingo Soars on Impressive Q4 Growth
- Duolingo Reports 65% DAU Growth, 45% Revenue Growth and Record Profitability in Fourth Quarter 2023
- Roku downgraded, Seagate initiated: Wall Street’s top analyst calls
- Duolingo initiated with a Buy at Seaport Research
- Can Duolingo Stock (NASDAQ:DUOL) Generate Multi-Bagger Returns?