On Nov 07, major Wall Street analysts update their ratings for $Duolingo (DUOL.US)$, with price targets ranging from $351 to $370.
J.P. Morgan analyst Bryan Smilek maintains with a buy rating, and adjusts the target price from $303 to $360.
BofA Securities analyst Curtis Nagle maintains with a buy rating, and sets the target price at $355.
Needham analyst Ryan MacDonald maintains with a buy rating, and adjusts the target price from $310 to $370.
KeyBanc analyst Justin Patterson maintains with a hold rating.
Piper Sandler analyst Arvind Ramnani maintains with a buy rating, and adjusts the target price from $271 to $351.
Furthermore, according to the comprehensive report, the opinions of $Duolingo (DUOL.US)$'s main analysts recently are as follows:
Duolingo's Q3 revenue and EBITDA surpassed Street estimates even with challenging comparisons. The improved Q4 outlook has led to slightly higher forecasts for Q4 and FY24, indicating potential for further user growth and various avenues for strategic maneuvering.
Duolingo presented a robust performance in Q3, surpassing expectations, and elevated its Q4 projections for bookings, revenue, and adjusted EBITDA, indicating that the company's core fundamentals continue to be strong.
The introduction of Duolingo Max, especially the 'video calls with Lily' feature, is observed to significantly enhance user engagement, the transition from free to paid users, the upsell rate, and the gross profit per subscriber in Duolingo's most frequented corridor, indicating an exceptionally positive early indication. The remaining aspects of the Q3 report were consistent with expectations.
Here are the latest investment ratings and price targets for $Duolingo (DUOL.US)$ from 7 analysts:
Note:
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