BUZZ-<a href="https://laohu8.com/S/DUOL">Duolingo</a> falls as Argus cuts to 'hold'** Language learning platform Duolingo's DUOL.O shares fall 4.1% to $100.05 premarket
** Argus Research downgrades to "hold" from "buy"
** Brokerage says co's new strategy of prioritizing Daily Active User growth is "likely to pressure bookings and limit revenue growth in the near-term"
** "We expect growth in DAUs to continue as this innovative company expands beyond language learning into areas such as chess, math, and music courses" - Argus Research
** Avg. rating of 25 analysts is "hold;" their median PT is $107.50 - data compiled by LSEG
** Up to last close, stock has fallen 40.5% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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