
Shares of language learning platform Duolingo DUOL.O up 11.4% at $374.52 after Morgan Stanley initiates coverage of stock with "Overweight" rating and street-high PT of $435
"Duolingo has the rare combination of rapid user growth, strong and expanding margins, and clear Gen AI upside" - Morgan Stanley
After the launch of Gen AI-based video call two quarters ago, Morgan Stanley estimates max subscription revenue has increased 10 times to ~6% of total
Scotiabank, however, cuts PT to $405 from $425 on ongoing bond market pressure and rising long-end yields
13 out of 22 analysts rate the stock "Buy" or "Strong Buy" while 9 recommend "Hold"; median price target is $393.50 - data compiled by LSEG
Up to last close, stock had risen 3.7% this year