Duolingo Inc. (NASDAQ:DUOL) is considered one of the best IPO stocks to buy right now. Morgan Stanley recently reduced its price target for Duolingo to $245 from $275 while maintaining an Overweight rating, expressing tactical caution ahead of the upcoming earnings report. DA Davidson also lowered its price target for Duolingo to $170 from $205 with a Neutral rating, projecting daily active users for Q1 to remain about 4% below consensus estimates.

Despite potential as an investment, some believe other AI stocks offer greater upside potential with less downside risk compared to DUOL. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available. The company operates as a mobile learning platform offering courses in 40 different languages through its app.

For more information on stocks with potential for growth, consider reading about 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Morgan Stanley Cuts Duolingo (DUOL) PT to $245, Cites Tactical Caution Toward Upcoming Earnings