** Shares of language learning platform Duolingo DUOL.O fall 3.49% to $97.48 premarket after brokerages downgrades ratings, cut PT
** Citigroup downgrades to "neutral" from "buy"; cuts PT to $101 from $270
** "We are downgrading following its new strategic direction to prioritize user growth over monetization/subscription growth with 2026 a transition year," Citigroup says
** Truist Securities downgrades to "hold" from "buy"; cuts PT $100 from $245
** "We view the company's shift towards user growth as a long-term prove-it story until investors can see reasonable proof points on the path to 100M DAUs (Daily Active Users) by 2028," Truist says
** Barclays cuts PT to $110 from $230, which is still 8% upside to stock's last close
** Eight of 25 analysts rate stock "strong buy" or "buy", 16 "hold" and one "sell"; their median PT is $110.5 - data compiled by LSEG
** As of last close, DUOL down 42.45% YTD
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))
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