JMP Securities analyst Andrew Boone maintains $Duolingo (DUOL.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 54.1% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Duolingo (DUOL.US)$'s main analysts recently are as follows:
Duolingo's Q3 revenue and EBITDA surpassed street estimates, even with more challenging comparisons. Forecasts for Q4 and FY24 have been modestly increased based on a more favorable Q4 outlook. There is potential for further user growth, along with various strategic options available to the company.
Duolingo reported a strong third quarter performance and has increased its guidance for the fourth quarter in terms of bookings, revenue, and adjusted EBITDA. The company's core fundamentals continue to be robust.
Duolingo's introduction of Duolingo Max, notably the 'video calls with Lily' feature, is generating increased user engagement, a rise in conversion from free to paid users, improved upsell rates, and a higher gross profit per subscriber in the company's most frequented corridor, which is seen as a highly positive early indicator. The remainder of the Q3 report was consistent with expectations.
Note:
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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.
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