Evercore analyst Mark Mahaney maintains $Duolingo (DUOL.US)$ with a buy rating, and maintains the target price at $335.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 28.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Duolingo (DUOL.US)$'s main analysts recently are as follows:
Following Duolingo's report of Q3 revenue and EBITDA that surpassed Street forecasts even amid more challenging comparisons, anticipations for the company's Q4 and full-year outcomes have improved. There is perceived potential for further user growth, in addition to various avenues for strategic maneuvers.
Duolingo reported a robust third-quarter performance, surpassing expectations and raising forecasts for the fourth quarter in terms of bookings, revenue, and adjusted EBITDA. The company's core fundamentals continue to be strong.
Duolingo's introduction of Duolingo Max, especially the 'video calls with Lily' feature, is recognized as a significantly positive early indicator due to its role in enhancing user engagement, increasing the conversion from free to paid users, improving upsell rates, and raising gross profit per subscriber in the company's most frequented corridor. The remainder of the Q3 report is characterized as typically consistent with expectations.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
