Needham Sees Potential In Duolingo To Spearhead $115B Language Learning Market

Needham  analyst Ryan MacDonald  initiated coverage on  Duolingo, Inc  (NASDAQ: DUOL ) with a Buy rating and a price target of $115. MacDonald acknowledges that DUOL is a leader in the language learning market, which HolonIQ sizes at $49 billion and set to reach $115 billion by 2025 and notes it is only 34% digital. His survey shows that DUOL has built industry-leading brand recognition with a gamified learning platform that draws learners in and generates more robust ... Full story available on Benzinga.com