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Investing.com -- Evercore ISI upgraded Duolingo to Outperform from In Line, arguing that recent product improvements and accelerating user growth could drive a stronger earnings trajectory than Wall Street currently expects.
Duolingo beat Q2 estimates as revenues, daily users and paid subscribers grow, while lower AI costs support a higher profitability outlook.
Duolingo Inc. (NASDAQ:DUOL) shares dropped more than 9% in premarket trading on Thursday after the language-learning platform issued third-quarter revenue guidance that came in below Wall Street expectations, overshadowing stronger-than-expected second-quarter earnings.
The S&P 500 Index ($SPX ) (SPY ) today is up +0.73%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.00%. September E-mini S&P futures (ESU26 ) are up +0.72%, and September E-mini Nasdaq futures...
Investors focused on slowing bookings despite another earnings beat
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