Duolingo Trades At Peak Valuation, Analyst Downgrades It

Duolingo Inc DUOL stock fell after B of A Securities analyst Curtis Nagle downgraded the rating from Buy to Neutral with a price target of $375, up from $355.The downgrade reflects less upside potential as the stock traded at peak valuation, and near-term estimate revisions may be lower than in prior quarters.Nagle continued to see Duolingo as one of the highest-quality and most consistent growth names within the Internet and noted the potential for 40% EBITDA margins (versus 26% now) and over 20% GAAP net ...