Duolingo price target raised to $375 from $330 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on Duolingo (DUOL) to $375 from $330 and keeps an Equal Weight rating on the shares following the Q1 report. Duolingo continues to extend its lead in the language learning and gamification space, the analyst tells investors in a research note. The firm says that “after a brief hiccup,” the company is back to executing its “beat-and-raise playbook.”