Duolingo price target raised to $500 from $400 at UBS

UBS raised the firm’s price target on Duolingo (DUOL) to $500 from $400 and keeps a Buy rating on the shares. Duolingo posted “very strong” results, coming in ahead of schedule on AI-related cost savings and bookings, the analyst tells investors in a research note. Duolingo ound pockets of earlier-than-expected success around optimizing GenAI-related costs, but it’s unclear if the savings were more one-time in nature around ChatGPT 4.1 adoption, UBS says.