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Duolingo (DUOL) Stock Forecast & Price Target

$179.10
+1.71 (+0.96%)
(As of 07/23/2024 ET)

Duolingo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 12 Wall Street analysts who have issued ratings for Duolingo in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 4 have given a hold rating, and 7 have given a buy rating for DUOL.

Consensus Price Target

$246.70
37.74% Upside
High Forecast$275.00
Average Forecast$246.70
Low Forecast$190.00

According to the 12 analysts' twelve-month price targets for Duolingo, the average price target is $246.70. The highest price target for DUOL is $275.00, while the lowest price target for DUOL is $190.00. The average price target represents a forecasted upside of 37.74% from the current price of $179.10.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$246.70$246.70$245.13$142.38
Forecasted Upside37.74% Upside21.70% Upside15.96% Upside20.72% Upside
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DUOL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DUOL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Duolingo Stock vs. The Competition

TypeDuolingoBusiness Services CompaniesS&P 500
Consensus Rating Score
2.50
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside37.74% Upside179.91% Upside9.72% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024Wolfe Research
3 of 5 stars
S. Khajuria
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Initiated CoveragePeer Perform
7/10/2024JMP Securities
2 of 5 stars
A. Boone
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Reiterated RatingMarket Outperform ➝ Market Outperform$260.00 ➝ $260.00+39.05%
6/13/2024DA Davidson
3 of 5 stars
W. Swanson
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Initiated CoverageBuy$250.00+26.31%
5/10/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$282.00 ➝ $265.00+37.83%
5/9/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$243.00 ➝ $230.00+15.24%
5/9/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$241.00 ➝ $267.00+35.29%
3/11/2024JPMorgan Chase & Co.
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 Initiated CoverageOverweight$270.00+26.45%
2/29/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$230.00 ➝ $260.00+11.39%
2/29/2024The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$160.00 ➝ $190.00-17.55%
2/29/2024UBS Group
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 Boost TargetBuy ➝ Buy$230.00 ➝ $275.00+40.66%
2/27/2024Seaport Res Ptn
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A. Kessler
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Reiterated RatingBuy
10/12/2023Evercore ISI
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 Boost Target$180.00 ➝ $200.00+14.56%
8/28/2023Raymond James
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 Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:59 AM ET.

DUOL Forecast - Frequently Asked Questions

What is Duolingo's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Duolingo is $246.70, with a high forecast of $275.00 and a low forecast of $190.00.

Should I buy or sell Duolingo stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Duolingo in the last year. There is currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DUOL shares.

Does Duolingo's stock price have much upside?

According to analysts, Duolingo's stock has a predicted upside of 21.16% based on their 12-month stock forecasts.

Has Duolingo been upgraded by Wall Street analysts recently?

Over the previous 90 days, Duolingo's stock had 1 upgrade by analysts.

What analysts cover Duolingo?

Duolingo has been rated by research analysts at Barclays, DA Davidson, JMP Securities, Needham & Company LLC, Piper Sandler, and Wolfe Research in the past 90 days.

Do Wall Street analysts like Duolingo more than its competitors?

Analysts like Duolingo less than other "business services" companies. The consensus rating score for Duolingo is 2.50 while the average consensus rating score for "business services" companies is 2.64. Learn more on how DUOL compares to other companies.


This page (NASDAQ:DUOL) was last updated on 7/24/2024 by MarketBeat.com Staff

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