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Language Learning Stock Soars After Beat-and-Raise
DUOLDuolingo(DUOL) Schaeffers Research·2024-02-29 15:26

Duolingo Inc (NASDAQ:DUOL) stock is 19.3% at 233.24higherthismorning,afterthelanguagelearningfirmannouncedamassivefourth−quarterwin.Specifically,Duolingobeattop−andbottom−lineestimates,withanearningspershareof26centsonrevenueof233.24 higher this morning, after the language learning firm announced a massive fourth-quarter win. Specifically, Duolingo beat top-and bottom-line estimates, with an earnings per share of 26 cents on revenue of 151 million, and revealed stronger-than-expected first-quarter and full-year revenue outlooks.In response, Needham, Barclays, and BofA Global Research all hiked their price targets. The lattermost issued the most upbeat raise, moving up to 260from260 from ...