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  • 5 months ago
Duolingo will unveil major product updates at its annual Duocon conference on September 16th, according to Benzinga. The updates include expanded video call features, a broader rollout of its Energy System, and new non-language offerings like Chess, Math, and Music. The company is pushing to boost engagement as daily active user growth slows and AI competition intensifies. JPMorgan analysts Bryan Smilek and Doug Anmuth reiterated an Overweight rating with a $515 price target, nearly 90% above Friday’s close. They cited investor concerns over softer DAU growth, modest U.S. marketing spend, and competition from AI platforms. Sensor Tower data showed third-quarter DAU growth of 28% year-over-year so far, down from 39% in the prior quarter. Duolingo shares were last up 0.39% at $272.23 on Monday.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Duolingo will unveil major product updates in its annual Duocon conference on September 16th, according to Benzinga.
00:08Updates include expanded video call features, a broader rollout of its energy system, and new non-language offerings like chess, math, and music.
00:15The company is pushing to boost engagement as daily active user growth slows and AI competition intensifies.
00:20JP Morgan analyst Brian Smilik and Doug Anmuth reiterated an overweight rating with a $515 price target nearly 90% above Friday's close.
00:28It's setting investor concerns over software DAU growth, modest U.S. marketing spend, and competition of AI platforms.
00:35Sensor Tower data showed third-quarter DAU growth of 28% year-over-year so far, down from 39% in the prior quarter.
00:42Duolingo shares were last up 0.39% and $272.23 on Monday.
00:48For all things money, visit Benzinga.com.
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