Duolingo (DUOL) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Duolingo in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DUOL shares.
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7 Wall Street research analysts have issued 12 month target prices for Duolingo's shares. Their DUOL share price forecasts range from $109.00 to $167.00. On average, they expect the company's share price to reach $142.38 in the next twelve months. This suggests that the stock has a possible downside of 8.7%.
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Duolingo's stock was trading at $71.13 on January 1st, 2023. Since then, DUOL shares have increased by 119.2% and is now trading at $155.94.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Duolingo, Inc. (NYSE:DUOL) released its earnings results on Tuesday, May, 9th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.18. The firm earned $115.66 million during the quarter, compared to the consensus estimate of $112.86 million. Duolingo had a negative net margin of 12.38% and a negative trailing twelve-month return on equity of 9.22%. The business's revenue was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) EPS.

ETFs with the largest weight of Duolingo (NYSE:DUOL) stock in their portfolio include Gen Z ETF (ZGEN), Global X Education ETF (EDUT), Innovator IBD 50 ETF (FFTY), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), BlackRock Future Innovators ETF (BFTR), iShares Virtual Work and Life Multisector ETF (IWFH), SPDR FactSet Innovative Technology ETF (XITK) and Renaissance IPO ETF (IPO).

Duolingo issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $122.00 million-$125.00 million, compared to the consensus revenue estimate of $119.75 million.

(DUOL) raised $460 million in an IPO on Wednesday, July 28th 2021. The company issued 5,106,113 shares at a price of $85.00-$95.00 per share.

Duolingo trades on the New York Stock Exchange (NYSE) under the ticker symbol "DUOL."

Duolingo's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (10.99%), BlackRock Inc. (4.97%), General Atlantic L.P. (2.87%), Foxhaven Asset Management LP (2.75%), FMR LLC (2.42%) and Gilder Gagnon Howe & Co. LLC (2.28%). Insiders that own company stock include Ahn Luis Von, Durable Capital Partners Lp, Gillian Munson, Matthew Skaruppa, Natalie Glance, Robert Meese, Sara Clemens, Severin Hacker and Stephen C Chen.
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Shares of DUOL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DUOL stock can currently be purchased for approximately $155.94.

Duolingo (NYSE:DUOL) has a market capitalization of $6.40 billion and generates $369.49 million in revenue each year. The company earns $-59,570,000.00 in net income (profit) each year or ($1.25) on an earnings per share basis.

The company employs 500 workers across the globe.

Duolingo's mailing address is 5900 PENN AVE SECOND FLOOR, PITTSBURGH PA, 15206. The official website for the company is www.duolingo.com. The company can be reached via phone at 412-567-6602 or via email at ir@duolingo.com.