Duolingo (NASDAQ:DUOL) Price Target Raised to $170.00

Key Points

• Truist raised Duolingo’s price target to $170 from $120 but maintained a Hold rating; the new target implies 4.74% upside from the prior close.
• Analyst sentiment remains cautious overall: Duolingo has a consensus Hold rating and an average price target of $145.62.
• Latest-quarter revenue of $309.0 million exceeded estimates, while EPS of $0.54 missed the $0.57 consensus; revenue rose 13.7% year over year.

Duolingo (NASDAQ:DUOL - Get Free Report) had its target price boosted by Truist Financial from $120.00 to $170.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective suggests a potential upside of 4.74% from the company's previous close.

DUOL has been the subject of a number of other research reports. Jefferies Financial Group upped their price objective on shares of Duolingo from $95.00 to $125.00 and gave the company a "hold" rating in a research report on Tuesday, July 14th. Scotiabank upped their price target on shares of Duolingo from $120.00 to $140.00 and gave the company a "sector perform" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays lifted their price target on Duolingo from $115.00 to $133.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group set a $128.00 price objective on shares of Duolingo in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo presently has a consensus rating of "Hold" and an average price target of $145.62.

Duolingo Price Performance

DUOL traded up $1.04 during midday trading on Thursday, hitting $162.31. The company had a trading volume of 537,079 shares, compared to its average volume of 1,794,309. The firm's 50-day simple moving average is $144.95 and its 200-day simple moving average is $124.13. Duolingo has a twelve month low of $87.89 and a twelve month high of $213.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market capitalization of $7.59 billion, a PE ratio of 53.63, a P/E/G ratio of 1.05 and a beta of 1.08.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). The firm had revenue of $309.01 million during the quarter, compared to analyst estimates of $303.20 million. Duolingo had a net margin of 12.33% and a return on equity of 10.54%. The firm's quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $5.95 earnings per share. Equities research analysts predict that Duolingo will post 2.62 EPS for the current fiscal year.

Insider Activity at Duolingo

In other Duolingo news, CEO Luis van Ahn sold 110,046 shares of the stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $151.70, for a total transaction of $16,693,978.20. Following the completion of the transaction, the chief executive officer directly owned 110,046 shares of the company's stock, valued at approximately $16,693,978.20. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Natalie Glance sold 1,539 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $137.80, for a total transaction of $212,074.20. Following the sale, the insider owned 169,111 shares in the company, valued at $23,303,495.80. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 260,740 shares of company stock worth $39,049,693. Company insiders own 16.62% of the company's stock.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Duolingo by 511.2% during the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company's stock valued at $131,325,000 after buying an additional 1,114,315 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Duolingo by 112.9% in the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company's stock worth $117,624,000 after acquiring an additional 632,807 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Duolingo by 91.3% in the first quarter. Renaissance Technologies LLC now owns 603,806 shares of the company's stock worth $59,517,000 after buying an additional 288,252 shares during the last quarter. Amundi raised its stake in shares of Duolingo by 1,351.7% in the first quarter. Amundi now owns 449,068 shares of the company's stock worth $44,265,000 after purchasing an additional 418,134 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Duolingo by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 249,634 shares of the company's stock worth $24,606,000 after acquiring an additional 6,233 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Key Duolingo News

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: Q3 revenue of $309.0 million topped estimates of $303.2 million. Daily active users grew 29% year over year to 153.1 million, while paid subscribers rose 13.9%—evidence that engagement and subscriptions are expanding. Duolingo Q3 results
• Positive Sentiment: Management’s outlook added support, with Q4 bookings expected to grow 13% and adjusted EBITDA projected at $84 million. Lower costs for AI Video Calls may also help the company expand the feature to paid subscribers. Q4 outlook and Video Call rollout
• Neutral Sentiment: Wells Fargo upgraded DUOL from Underweight to Equal Weight and raised its price target to $120 from $80. The improved rating is a positive shift, though the target remains well below the recent share price. Wells Fargo rating update
• Negative Sentiment: Q3 EPS of $0.54 fell short of the $0.57 consensus. Director William Gordon also sold 10,000 shares, although the transaction was made under a pre-arranged Rule 10b5-1 plan, which may make it less indicative of a discretionary view on the stock. Director share sale
• Negative Sentiment: Multiple law firms are publicizing a securities class action covering shares purchased between May 2, 2025, and February 26, 2026, with a December 7 lead-plaintiff deadline. The claims are allegations, not established findings, but the case could create legal costs and uncertainty. Class action notice

About Duolingo

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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