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AI can boost this 'best-in-class' language stock that has more than doubled in 2023, UBS says

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UBS thinks this language education stock will still find more room to run despite already climbing more than 116% from the start of the year.

UBS thinks Duolingo can find more growth drivers from artificial intelligence and higher pricing for subscriptions. The bank began coverage of the language education stock on Wednesday with a buy rating and a $195 per share price target. UBS' forecast implies more than 26% upside from Wednesday's $154.24 close.

mountain Duolingo stock has added more than 116% from the start of the year. — CNBC's Michael Bloom contributed to this report.

 

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