2022-01-20 13:35:46 DUOL Duolingo
01/20/22 01/2013:35 01/20/2213:35 | Duolingo added to Tactical Outperform List at Evercore ISIEvercore ISI analyst Mark Mahaney added Duolingo to Evercore ISI's Tactical, Action & Positioning Outperformance List heading into the company's Q4 results. The analyst sees "strong momentum" into Q1 with early third-party data for January to date and views the Street's Q1 revenue and bookings estimates as "highly reasonable." In addition, Duolingo's six-month lockup is set to expire on Monday, January 24, "thus removing a major overhang on the stock," Mahaney tells investors in a research note. He views the sentiment for Duolingo heading into the quarter as "relatively muted" and sees current share levels as an attractive entry point. Mahaney keeps an Outperform rating on the shares with a $195 price target. |
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