Duolingo (DUOL) PT Raised to $410 at DA Davidson

DA Davidson analyst Wyatt Swanson raised the price target on Duolingo (NASDAQ: DUOL) to $410.00 (from $400.00) while maintaining a Buy rating.

The analyst comments "In this report, we updated our proprietary analysis of tracking course enrollments at Duolingo. The data acts as a proxy for ~weekly user growth from Feb. ’24 to March ’25, and we gauge performance relative to consensus and guidance. According to our data, DUOL’s current 1Q DAU growth is ahead of cons. of +44.6% Y/Y and is on the high-end of “mid-40s” guidance which mgmt. gave during the 4Q call. We think that there is upside to current consensus ests and affirm our BUY-rating and bump our ests and increase our price target from $400 to $410 (19x '25 EV/Revenue)."

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