Duolingo Inc. (NASDAQ:DUOL) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. Truist Securities reaffirmed its Buy rating and $245 price target for DUOL following the announcement of a CFO shift. Gillian Munson is set to take over as CFO as Matt Skaruppa prepares to leave.
Goldman Sachs Maintains Neutral on Duolingo, Slashes Target to $250. Truist Securities noted the strong preliminary fourth-quarter numbers for the language learning platform, with around 30% daily active user growth and bookings meeting or exceeding forecasts of $335.5 million.
Duolingo Inc. (NASDAQ:DUOL) operates as a mobile learning platform offering courses in 40 languages. The company reported strong preliminary fourth-quarter results, indicating growth in daily active users and bookings.
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Read more at Yahoo Finance: Duolingo (DUOL) Stock Holds Strength Despite CFO Transition