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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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