Duolingo Price Target Lowered To 255 From 275 At Jpmorgan

Duolingo Stock Price Forecast: Analyst Lowers Target

Recent News

Analyst Bryan Smilek of JPMorgan has lowered the firm's price target on Duolingo from $275 to $255.

The research analyst has maintained a neutral rating on the stock.

Analyst Commentary

Smilek remains positive on Duolingo's long-term prospects but believes the current valuation is stretched.

He cites concerns about the company's subscriber growth, which has slowed in recent quarters.

Smilek also notes that Duolingo faces increasing competition from other language learning apps.

Stock Price Outlook

The average price target for Duolingo stock is $255, with a high estimate of $275 and a low estimate of $183.

Seven stock analysts have a consensus rating of "overweight" on the stock.

Based on these ratings, the Duolingo Inc. stock price is expected to increase by 59.5%.

Conclusion

Smilek's price target reduction is a reminder that even high-growth companies can experience setbacks.

Investors should carefully consider the risks and rewards before investing in Duolingo stock.

The company's long-term prospects remain promising, but the near-term outlook is less certain.