Barclays raised the firm’s price target on Duolingo to $99 from $84 and keeps an Equal Weight rating on the shares. The company reported a strong quarter and the fiscal 2023 revenue and EBITDA margin guide both came in above. The only negative is the Q1 bookings guide implies low single-digit growth quarter-over-quarter, which is a mix of conservatism and pull-forward in Q4, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on DUOL:
- Duolingo sees FY23 revenue $530M-$542M, consensus $464.5M
- Duolingo sees Q1 revenue $111M-$114M, consensus $106.13M
- Duolingo reports Q4 EPS (35c), consensus (53c)
- Duolingo Reports 62% DAU Growth; Record Bookings and Revenue in Fourth Quarter and Full Year 2022
- Duolingo to Announce Fourth Quarter and Full Year 2022 Results on Tuesday, February 28, 2023