Bank of America doubles down on its buy rating for this under-the-radar AI play
Gamification and artificial intelligence are "a winning combination" for language-learning app maker Duolingo , according to Bank of America. Analyst Nat Schindler, who reiterated his buy rating on the company, boosted his price target on Duolingo shares to $160 from $105. Shares closed at $136.63 on Wednesday, and the firm anticipates shares could rise about 17%.
"We believe the company is still in the early stages of monetization and initiatives such [as] regionalized pricing, more custom content will drive better paid conversion and grow [long-term value]/user[s]," the analyst added. "We think Duolingo investors will look favorably at the large addressable market, differentiated and extensible platform, and strong future margin growth potential … which warrant a significant premium to peer group comps," Schindler said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Chase Bank robber may have tried and failed to hit PNC Bank earlier in the dayThe FBI in Chicago says a man who successfully robbed a Chase Bank on Wednesday may have attempted to rob a PNC Bank earlier in the day.
Les mer »
How to fix banks without more regulationThe Silicon Valley Bank debacle should not be a siren call for more bank regulation.
Les mer »
What Happens When Blue America Arrests Red America’s PresidentHe actually couldn’t shoot someone on Fifth Avenue anymore.
Les mer »
Scientists grow lab-grown fat to improve texture of artificial meatScientists have engineered lab-grown fat to give artificial meat the structure and taste of real meat.
Les mer »
Employers are liable for discriminatory hiring learned by artificial intelligence: EEOCCorporations that use artificial intelligence for hiring and employee performance tracking are legally liable for discriminatory outcomes produced by the algorithms, according to a top federal official charged with enforcing workplace laws.
Les mer »