Duolingo shares closed down -2.81% at $116.90, extending a 7-day losing streak amid a broader tech sell-off and concerns over bookings deceleration and executive departure.
- KeyBanc maintained a Sector Weight rating, specifically flagging third-party data showing bookings deceleration and the recent departure of CFO Matt Skaruppa.
- The analyst noted strong underlying fundamentals, including 72% gross margins and approximately 40% YoY revenue growth.
- The stock showed a slight recovery after hours, trading up +0.80% at $117.83.