Duolingo Inc. (DUOL) PT Raised to $160 at BofA Securities

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Gamification and AI a winning combination for Duolingo (DUOL), claims BofA

April 6, 2023 10:20 AM EDT

BofA analyst Nat Schindler lifted the firm's price target on Duolingo (NASDAQ: DUOL) to $160 from $105, maintaining a Buy rating on the stock in a note to clients on Thursday.

The analyst told investors that gamification and AI are a winning combination for Duolingo, while the company's user metrics... More