AI News

News · · 6:46 PM · novora71

Duolingo Stock Rises on African Market Expansion

Duolingo Inc.'s stock has risen by 3.92% following news of its expansion into the African market.

Citi analyst Ygal Arounian adjusted Duolingo's price target from $400 to $375 after attending Duocon 2025, maintaining a 'Buy' rating due to anticipated long-term benefits.

Despite new language learning functionalities from Google Translate, Raymond James maintains a Market Perform rating for Duolingo, emphasizing its specialized learning methods.

In recent financial reports, Duolingo announced total revenue of $252.27 million and an operating income of $33.36 million, reflecting a strong commitment to long-term strategic goals.

Duolingo announced partnerships with LinkedIn and the expansion of its chess course at Duocon 2025. The LinkedIn integration opens a vast network for users to apply language skills professionally, potentially increasing user retention and engagement.

These strategic choices reflect an active effort to enhance user experience and drive revenue. Duolingo continues to pursue strategies for sustainable growth in a competitive market.