Duolingo Reports 65% DAU Growth, 45% Revenue Growth and Record Profitability in Fourth Quarter 2023

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Go back to Duolingo Reports 65% DAU Growth, 45% Revenue Growth and Record Profitability in Fourth Quarter 2023

Duolingo Inc. (DUOL) PT Raised to $241 at Needham, 'DuoBingo! Large Beat Fueled by Family Plan'

February 29, 2024 6:23 AM EST

Needham analyst Ryan MacDonald raised the price target on Duolingo Inc. (NASDAQ: DUOL) to $241.00 (from $210.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our PT to $241 following a strong 4Q23 in which the company delivered an... More