Duolingo Introduces AI-Powered Innovations at Duocon 2024
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Duolingo Inc. (DUOL) PT Raised to $335 at Evercore ISI
September 25, 2024 6:35 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on Duolingo Inc. (NASDAQ: DUOL) to $335.00 (from $270.00) while maintaining a Outperform rating.
The analyst comments "Stock Thoughts: We Strong-Buyed DUOL in mid-July when we made it our #1 SMiD Cap Long. We were reacting to a 30% correction (to $170) and in part to investor concerns that industry AI... More
Duolingo Inc. (DUOL) PT Raised to $310 at Needham
September 25, 2024 6:32 AM EDTNeedham analyst Ryan MacDonald raised the price target on Duolingo Inc. (NASDAQ: DUOL) to $310.00 (from $245.00) while maintaining a Buy rating.
The analyst comments "We virtually attended the Duolingo annual Duocon event yesterday, during which the company laid out a variety of... More
Duolingo Inc. (DUOL) PT Raised to $303 at JPMorgan
September 25, 2024 6:03 AM EDTJPMorgan analyst Bryan Smilek raised the price target on Duolingo Inc. (NASDAQ: DUOL) to $303.00 (from $255.00) while maintaining a Overweight rating.
The analyst comments "Coming out of Duocon 2024 (replay here, press release here), we believe Duolingo is leveraging GenAI/LLMs to achieve its goal of teaching as effectively as a human tutor. GenAI/LLMs are transforming the learner experience, increasing the velocity of product optimizations & content development, deepening teaching efficacy, & driving cost efficiencies. Key product announcements included Video Calls & Adventures, both of which expand Duolingos conversational features... More
