AI Fueling Duolingo's Next Growth Phase, Analyst Says

Blockhead12-20

Duolingo (DUOL) stock scored a price-target hike on Thursday from an analyst who is increasingly bullish on prospects for the company's language learning app. Needham analyst Ryan MacDonald reiterated...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI Fueling Duolingo's Next Growth Phase, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 03:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/duolingo-stock-price-target-hike-ai-prospects/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Duolingo (DUOL) stock scored a price-target hike on Thursday from an analyst who is increasingly bullish on prospects for the company's language learning app.\nNeedham analyst Ryan MacDonald reiterated...</p>\n\n<a href=\"https://www.investors.com/news/technology/duolingo-stock-price-target-hike-ai-prospects/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUOL","symbol_name":"多邻国","start_time":0,"source_url":"https://www.investors.com/news/technology/duolingo-stock-price-target-hike-ai-prospects/","article_id":"2492485369","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/12/Stock-Duolingo-applearner-comp-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492485369","pubTimestamp":1734636022,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Duolingo stock scored a price-target hike from an analyst who is increasingly bullish on prospects for the company’s language learning app.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DUOL":"多邻国","BK4588":"碎股","BK4539":"次新股","BK4204":"教育服务","BK4585":"ETF&股票定投概念"},"translate_title":"分析师表示，人工智能将推动多邻国的下一个增长阶段","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DUOL":1},"content_text":"Duolingo (DUOL) stock scored a price-target hike on Thursday from an analyst who is increasingly bullish on prospects for the company's language learning app.\nNeedham analyst Ryan MacDonald reiterated his buy rating on Duolingo stock and upped his price target to 385 from 370 after visiting with the company.\n\n\n\n↑\nX\n\n\n\n\nHow To Listen For Sell Signals And When To Stick To Your Hold Rules\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Listen For Sell Signals And When To Stick To Your Hold Rules\n\n\n\n\nIn afternoon trades on the stock market today, Duolingo stock advanced more than 1.5% to 338.46.\nDuolingo shares have pulled back since hitting a record high of 378.48 on Dec. 5.\nDuolingo is entering its next phase of growth, which includes the use of generative artificial intelligence chatbots to teach languages, MacDonald said in a client note.\n\"While GenAI has thus far been viewed as a disruptor to the education ecosystem, Duolingo is starting to harness the technology for a monetizable use case that we believe will be a powerful tool in expanding their reach to a large set of English language learners that have historically shown low free-to-paid conversion,\" he said.\nDuolingo Stock Is On Two IBD Lists\nThe total addressable market is huge. MacDonald estimates there are about 1.5 billion people worldwide who are actively learning to speak English.\nDuolingo's generative AI-powered subscription service is called Duolingo Max.\n\"Duolingo Max (is) only scratching the surface of opening up new opportunities for learners and monetization,\" MacDonald said.\nIn the third quarter, Duolingo had 37.2 million total daily active users, up 54% year over year.\nDuolingo offers instruction in more than 40 different languages on its freemium service. Popular languages to learn through Duolingo include English, Spanish, French and Japanese. Its free service is supported by advertising while its paid subscription service is ad-free.\nDuolingo stock is on two IBD stock lists: IBD 50 and Tech Leaders.\n\nFollow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.\nYOU MAY ALSO LIKE:\nApple Intelligence Still Not Driving iPhone Sales. AI Upgrade Cycle Yet To Arrive.\nVideo Game Industry Outlook For 2025 Features Blockbuster Title, New Console\nSee Stocks On The List Of Leaders Near A Buy Point\nFind Winning Stocks With MarketSurge Pattern Recognition & Custom Screens\nJoin IBD Live For Stock Ideas Each Morning Before The Open","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492485369"}