Duolingo (NASDAQ:DUOL) Given New $140.00 Price Target at Scotiabank

Key Points

• Scotiabank raised its Duolingo price target from $120 to $140 but kept a “sector perform” rating; the target implies 13.12% downside from the share price cited in the report.
• Analyst opinions remain mixed: MarketBeat reported a consensus “Hold” rating and an average price target of $141.56, while shares traded at $161.15 on Wednesday.
• Duolingo’s third-quarter revenue of $309 million beat estimates and rose 13.7% year over year, but EPS of $0.54 missed the $0.57 consensus.

Duolingo (NASDAQ:DUOL - Get Free Report) had its price target increased by research analysts at Scotiabank from $120.00 to $140.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price target indicates a potential downside of 13.12% from the company's current price.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Duolingo from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $103.00 to $93.00 in a research report on Tuesday, August 4th. KeyCorp raised shares of Duolingo from a "hold" rating to an "overweight" rating in a report on Tuesday, August 18th. Susquehanna started coverage on shares of Duolingo in a research note on Tuesday, August 18th. They issued a "positive" rating for the company. UBS Group reiterated a "buy" rating and set a $180.00 price target on shares of Duolingo in a report on Wednesday. Finally, Wedbush increased their price objective on shares of Duolingo from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $141.56.

Duolingo Price Performance

Shares of Duolingo stock traded up $33.15 on Wednesday, hitting $161.15. 9,553,170 shares of the company were exchanged, compared to its average volume of 1,799,867. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $144.65 and a 200 day moving average price of $124.10. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. Duolingo has a 1-year low of $87.89 and a 1-year high of $268.97.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). Duolingo had a return on equity of 12.10% and a net margin of 35.88%. The firm had revenue of $309.01 million for the quarter, compared to analyst estimates of $303.20 million. During the same quarter in the previous year, the business posted $5.95 earnings per share. Duolingo's revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Duolingo will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 2,751 shares of Duolingo stock in a transaction on Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $355,236.63. Following the completion of the transaction, the insider directly owned 170,650 shares of the company's stock, valued at approximately $22,036,034.50. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William Gordon sold 10,000 shares of Duolingo stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $145.67, for a total value of $1,456,700.00. Following the transaction, the director directly owned 68,415 shares of the company's stock, valued at $9,966,013.05. This trade represents a 12.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 250,740 shares of company stock worth $37,685,893. Company insiders own 16.62% of the company's stock.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC increased its stake in Duolingo by 194.1% during the first quarter. Root Financial Partners LLC now owns 250 shares of the company's stock worth $25,000 after acquiring an additional 165 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in shares of Duolingo during the 3rd quarter worth about $27,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Duolingo during the 3rd quarter worth about $30,000. FNY Investment Advisers LLC acquired a new stake in Duolingo during the 2nd quarter worth approximately $34,000. Finally, Versant Capital Management Inc increased its position in Duolingo by 73.4% during the 3rd quarter. Versant Capital Management Inc now owns 267 shares of the company's stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Trending Headlines about Duolingo

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: Third-quarter daily active users grew 29% year over year, while revenue of $309 million topped expectations of $303 million. Management also raised its revenue outlook, and its fourth-quarter bookings and EBITDA forecast offered further support for the bullish reaction. Duolingo Reports Third Quarter 2026 Results
• Positive Sentiment: AI Video Call costs reportedly fell from about $0.30 to less than $0.01 per call, potentially improving the economics of the feature as it expands to paid subscribers. Duolingo: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Quarterly EPS of $0.54 fell short of the $0.57 consensus, tempering the otherwise favorable report. JPMorgan and Barclays raised their price targets but maintained neutral or equal-weight ratings; their new targets of $155 and $133 are below the recent share price. JPMorgan rating information
• Negative Sentiment: Several law firms publicized a pending securities class action covering investors who bought shares from May 2, 2025, through February 26, 2026. The complaint alleges investor harm related to company disclosures, including claims about its Hearts feature and AI-first strategy; these are allegations, not established findings. Kaplan Fox class action notice

Duolingo Company Profile

Duolingo, Inc develops technology-based learning products designed to make education accessible and engaging. Its flagship Duolingo mobile and web platform offers gamified courses in languages including Spanish, English, French, German and Japanese, among others. Lessons incorporate interactive exercises, personalized practice and achievement-based features intended to support regular learning.

The company also operates the Duolingo English Test, an online English-proficiency assessment that can be taken remotely and is accepted by educational institutions and other organizations.

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