Duolingo's Price Target Lowered to $205 by DA Davidson, Neutral Rating Maintained

DA Davidson has lowered Duolingo's (DUOL) price target to $205, down from $220, while maintaining a Neutral rating. The change reflects a 6.82% decrease. Duolingo is a technology company that develops a mobile learning platform, with four predominant sources of revenue: time-based subscriptions, in-app advertising, the Duolingo English Test, and In-App Purchases. The average target price for Duolingo is $302.40, with a high estimate of $570.00 and a low estimate of $180.00.