Duolingo Upgraded: Analyst Sees AI As Ally, Not Threat
Duolingo Inc DUOL is poised to outperform estimates over the next 12 months, given "a combination of product and viral marketing efforts, according to KeyBanc Capital Markets. The Duolingo Analyst: Analyst Justin Patterson upgraded the rating from Sector Weight to Overweight, while keeping the price target at $460. The Duolingo Thesis: The company's stock has been under pressure, shedding 11% year to date, on concerns that AI will contract its total addressable market (TAM) both in the US and internationall ...