Analyst Expects "Premium" Revenue Growth from Duolingo

Duolingo Inc (NASDAQ:DUOL) stock is 1.4% higher before the bell, after J.P. Morgan Securities initiated bullish coverage with an "overweight" rating and a $270 price target -- a 26.5% premium to Friday's close. The analyst in coverage expects "premium" revenue growth from the online language learning company, citing its 'freemium' model as a significant advantage. Following the earnings event, Duolingo stock made a run towards its Dec. 19 record high of$ 245.87. Since that test though, the shares fell more ...