Raymond James Maintains a Hold on Duolingo (DUOL)

Duolingo, Inc. (NASDAQ:DUOL) is one of the Tech Stocks to Buy with the Highest Upside Potential. On August 26, Raymond James analyst Alexander Sklar maintained a Hold rating on the stock, without disclosing any price target.

The analyst noted that the company has a strong hold on the mobile language learning market, and the company excels in this sector due to its gamified product design. The design helps users stay engaged and improve retention. Sklar notes that Google Translate has added new language features. However, he thinks Duolingo, Inc. (NASDAQ:DUOL) structured learning paths are better for retention as Google’s AI interactions are more open-ended and less structured.

The analyst added that Google’s language tools could be a threat in the future; for now, Google lacks features, including tailored video call experiences and detailed grammar guidance. While the analyst sees strong potential for the company, he also sees some challenges, thereby Sklar kept a cautious rating on the stock.

Duolingo, Inc. (NASDAQ:DUOL) is a technology company that offers a mobile learning platform for language education. Its app provides courses in over 40 languages and can be used for free, with premium subscription options available.

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Disclosure: None. This article is originally published at Insider Monkey.