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Duolingo price target raised to $99 from $84 at Barclays
The Fly

Duolingo price target raised to $99 from $84 at Barclays

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

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