2024-03-11 11:20:01 ET
Duolingo’s ( NASDAQ: DUOL ) freemium strategy will serve as a “natural conversion funnel” to its paid subscription service and elevate the company’s scale, strong brand reputation, and ability to deliver “sustainable” 20%+ bookings/revenue growth. As such, J.P. Morgan initiates coverage of the language-learning platform with an Overweight rating, and $270 price target, a 26% premium to Friday’s closing price....
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J.P. Morgan bullish on Duolingo's effective teaching model