Duolingo (DUOL) Stock: $112 Price Target And Overweight Rating

By Amit Chowdhry ● Mar 28, 2022
  • The shares of Duolingo Inc (NASDAQ: DUOL) have received a $112 price target from KeyBanc. These are the details.

The shares of Duolingo Inc (NASDAQ: DUOL) have received a $112 price target from KeyBanc. And KeyBanc analyst Justin Patterson upgraded Duolingo to an “Overweight” rating from a “Sector Weight” rating. 

Patterson noted that he believes product and monetization initiatives reinforce Duolingo can be a sustainable 30% grower as it transforms into a multi-app product family. And coupled with app store changes, Patterson expects potential for a Duolingo over 35% long-term EBITDA margin.

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