Duolingo Inc. (NASDAQ:DUOL) was rated Underweight by Wells Fargo with a $239 price target, citing user growth issues and downside risk in 2027 estimates. Sales increased to $252 million, net income to $45 million, and EPS exceeded expectations at $0.91.

CEO Luis von Ahn highlighted Duolingo’s record profitability and top-line growth, raising full-year guidance. The company is investing in new areas like Chess, Math, and Music for long-term growth. Duolingo operates as a mobile learning platform offering courses in 40 languages.

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Read more at Yahoo Finance: Wells Fargo Initiates Duolingo (DUOL) with an Underweight Rating, $239 PT