D.A. Davidson analyst Wyatt Swanson maintains $Duolingo (DUOL.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 100.0% and a total average return of 44.9% over the past year.
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 more challenging comparisons. Forecasts for Q4 and the full year of 2024 have been modestly increased based on the company's optimistic outlook for the fourth quarter. There is potential for further user growth and various strategies to enhance performance.
Duolingo reported a robust performance in Q3, surpassing expectations and elevating Q4 projections across bookings, revenue, and adjusted EBITDA. The company's core fundamentals are perceived to retain their strength.
Duolingo Max, especially the 'video calls with Lily' feature, is contributing to increased engagement, conversion from free to paid users, upsell rates, and gross profit per subscriber in Duolingo's most trafficked corridor, representing an extremely positive early indication. The remainder of the Q3 report aligned with standard expectations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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