Duolingo (DUOL) Stock Forecast, Price Target & Predictions

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DUOL Stock Forecast

Duolingo stock forecast is as follows: an average price target of $231.30 (represents a -28.18% downside from DUOL’s last price of $322.07) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

DUOL Price Target

The average price target for Duolingo (DUOL) is $231.30 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $370.00 to $83.00. This represents a potential -28.18% downside from DUOL's last price of $322.07.

DUOL Analyst Ratings

Buy

According to 12 Wall Street analysts, Duolingo's rating consensus is 'Buy'. The analyst rating breakdown for DUOL stock is 0 'Strong Buy' (0.00%), 6 'Buy' (50.00%), 6 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Duolingo Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 07, 2024	Arvind Ramnani	Piper Sandler	$351.00	$303.21	15.76%	8.98%
Nov 07, 2024	Ryan MacDonald	Needham	$370.00	$303.21	22.03%	14.88%
Sep 25, 2024	Mark Mahaney	Evercore ISI	$335.00	$269.79	24.17%	4.01%
Sep 25, 2024	Ryan MacDonald	Needham	$310.00	$269.79	14.90%	-3.75%
Aug 08, 2024	Eric Sheridan	Goldman Sachs	$198.00	$175.38	12.89%	-38.52%
Aug 08, 2024	Ryan MacDonald	Needham	$245.00	$176.58	38.75%	-23.93%
Aug 08, 2024	Arvind Ramnani	Piper Sandler	$271.00	$176.96	53.14%	-15.86%
Jul 26, 2024	Curtis Nagle	Bank of America Securities	$245.00	$168.31	45.56%	-23.93%
Jun 13, 2024	Wyatt Swanson	D.A. Davidson	$250.00	$197.92	26.31%	-22.38%
May 28, 2024	Andrew Boone	JMP Securities	$260.00	$178.40	45.74%	-19.27%

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The latest Duolingo stock forecast, released on Nov 07, 2024 by Arvind Ramnani from Piper Sandler, set a price target of $351.00, which represents a 15.76% increase from the stock price at the time of the forecast ($303.21), and a 8.98% increase from DUOL last price ($322.07).

Duolingo Price Target by Period

	1M	3M	12M
# Anlaysts	2	4	12
Avg Price Target	$360.50	$341.50	$271.83
Last Closing Price	$322.07	$322.07	$322.07
Upside/Downside	11.93%	6.03%	-15.60%

In the current month, the average price target of Duolingo stock is $360.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 11.93% increase as opposed to Duolingo's last price of $322.07. This month's average price target is up 5.56% compared to last quarter, and up 32.62% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 07, 2024	Seaport Global	-	Neutral	Downgrade
Oct 14, 2024	UBS	Market Outperform	Market Outperform	Hold
Oct 14, 2024	JMP Securities	Perform	Market Perform	Downgrade
Oct 14, 2024	JMP Securities	Outperform	Perform	Downgrade
Oct 08, 2024	UBS	Buy	Buy	Hold
Sep 25, 2024	Sandler O'Neill	Market Outperform	Market Outperform	Hold
Sep 25, 2024	Evercore ISI	Outperform	Outperform	Hold
Sep 25, 2024	Needham	Buy	Buy	Hold
Sep 25, 2024	JMP Securities	Outperform	Outperform	Hold
Sep 11, 2024	KeyBanc	Sector Weight	Sector Weight	Hold

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Duolingo's last stock rating was published by Seaport Global on Nov 07, 2024. The company Downgrade its DUOL rating from "null" to "Neutral".

Duolingo Financial Forecast

Duolingo Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$137.62M	$126.84M	$115.66M	$103.82M	$96.06M	$88.39M	$81.22M	$73.01M	$63.59M
Avg Forecast	$347.33M	$325.96M	$303.99M	$290.87M	$260.09M	$247.18M	$232.87M	$220.29M	$205.01M	$189.19M	$177.13M	$165.60M	$148.29M	$132.14M	$123.71M	$112.66M	$99.89M	$95.31M	$85.70M	$77.56M	$68.99M	$60.46M
High Forecast	$351.18M	$329.57M	$307.35M	$294.09M	$262.97M	$249.92M	$235.45M	$221.65M	$205.61M	$189.22M	$177.13M	$165.60M	$149.25M	$132.15M	$125.08M	$113.91M	$101.00M	$95.31M	$85.70M	$77.56M	$68.99M	$60.46M
Low Forecast	$342.20M	$321.14M	$299.49M	$286.57M	$256.24M	$243.53M	$229.42M	$218.55M	$204.41M	$189.15M	$177.13M	$165.60M	$147.84M	$132.13M	$121.88M	$110.99M	$98.42M	$95.31M	$85.70M	$77.56M	$68.99M	$60.46M
# Analysts	3	3	4	5	4	5	2	7	9	4	5	4	8	4	5	4	4	3	4	3	5	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	1.03%	1.03%	1.04%	1.01%	1.03%	1.05%	1.06%	1.05%

Duolingo's average Quarter revenue forecast for Dec 23 based on 8 analysts is $148.29M, with a low forecast of $147.84M, and a high forecast of $149.25M. DUOL's average Quarter revenue forecast represents a 7.75% increase compared to the company's last Quarter revenue of $137.62M (Sep 23).

Duolingo EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	4	5	4	5	2	7	9	4	5	4	8	4	5	4	4	3	4	3	5	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-4.67M	$-4.87M	$-6.76M	$-16.71M	$-20.16M	$-13.86M	$-11.07M	$-16.65M	$-28.19M
Avg Forecast	$-45.26M	$-42.47M	$-39.61M	$-37.90M	$-33.89M	$-32.21M	$-30.34M	$-28.70M	$-26.71M	$-24.65M	$-23.08M	$-21.58M	$-19.32M	$-17.22M	$-16.12M	$-14.68M	$-13.02M	$-12.10M	$-10.88M	$-14.88M	$-8.76M	$-26.35M
High Forecast	$-44.59M	$-41.84M	$-39.02M	$-37.34M	$-33.39M	$-31.73M	$-29.89M	$-28.48M	$-26.63M	$-24.65M	$-23.08M	$-21.58M	$-19.26M	$-17.22M	$-15.88M	$-14.46M	$-12.82M	$-12.10M	$-10.88M	$-11.90M	$-8.76M	$-21.08M
Low Forecast	$-45.76M	$-42.94M	$-40.05M	$-38.32M	$-34.26M	$-32.56M	$-30.68M	$-28.88M	$-26.79M	$-24.65M	$-23.08M	$-21.58M	$-19.45M	$-17.22M	$-16.30M	$-14.84M	$-13.16M	$-12.10M	$-10.88M	$-17.85M	$-8.76M	$-31.62M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27%	0.30%	0.46%	1.28%	1.67%	1.27%	0.74%	1.90%	1.07%

undefined analysts predict DUOL's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Duolingo's previous annual EBITDA (undefined) of $NaN.

Duolingo Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	4	5	4	5	2	7	9	4	5	4	8	4	5	4	4	3	4	3	5	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.81M	$3.73M	$-2.58M	$-13.93M	$-18.45M	$-15.04M	$-12.15M	$-17.52M	$-28.97M
Avg Forecast	$69.34M	$58.37M	$59.21M	$57.41M	$43.64M	$36.90M	$37.19M	$33.88M	$23.28M	$17.59M	$15.86M	$13.54M	$2.07M	$-3.55M	$-9.49M	$-11.85M	$-26.85M	$-26.33M	$-24.63M	$-15.93M	$-26.51M	$-27.08M
High Forecast	$70.34M	$59.21M	$60.07M	$58.24M	$44.27M	$37.43M	$37.73M	$37.32M	$28.03M	$17.80M	$15.86M	$13.54M	$2.92M	$-3.48M	$-9.30M	$-11.62M	$-26.33M	$-26.33M	$-24.63M	$-12.74M	$-26.51M	$-21.66M
Low Forecast	$68.01M	$57.25M	$58.08M	$56.31M	$42.80M	$36.19M	$36.48M	$31.91M	$21.38M	$17.37M	$15.85M	$13.54M	$364.71K	$-3.60M	$-9.62M	$-12.02M	$-27.23M	$-26.33M	$-24.63M	$-19.11M	$-26.51M	$-32.50M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.79%	-0.39%	0.22%	0.52%	0.70%	0.61%	0.76%	0.66%	1.07%

Duolingo's average Quarter net income forecast for Dec 23 is $2.07M, with a range of $364.71K to $2.92M. DUOL's average Quarter net income forecast represents a -26.37% decrease compared to the company's last Quarter net income of $2.81M (Sep 23).

Duolingo SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	4	5	4	5	2	7	9	4	5	4	8	4	5	4	4	3	4	3	5	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$55.73M	$49.97M	$46.84M	$49.74M	$47.95M	$45.33M	$41.80M	$40.46M	$44.87M
Avg Forecast	$164.70M	$154.56M	$144.14M	$137.92M	$123.33M	$117.21M	$110.42M	$104.46M	$97.21M	$89.71M	$83.99M	$78.53M	$70.32M	$62.66M	$58.66M	$53.42M	$47.37M	$45.06M	$40.52M	$54.77M	$32.62M	$41.95M
High Forecast	$166.52M	$156.28M	$145.74M	$139.45M	$124.69M	$118.51M	$111.64M	$105.10M	$97.50M	$89.72M	$83.99M	$78.53M	$70.77M	$62.66M	$59.31M	$54.01M	$47.89M	$45.06M	$40.52M	$65.73M	$32.62M	$50.33M
Low Forecast	$162.26M	$152.28M	$142.01M	$135.88M	$121.50M	$115.47M	$108.79M	$103.63M	$96.93M	$89.69M	$83.99M	$78.53M	$70.10M	$62.65M	$57.79M	$52.63M	$46.67M	$45.06M	$40.52M	$43.82M	$32.62M	$33.56M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.89%	0.85%	0.88%	1.05%	1.06%	1.12%	0.76%	1.24%	1.07%

Duolingo's average Quarter SG&A projection for Dec 23 is $70.32M, based on 8 Wall Street analysts, with a range of $70.10M to $70.77M. The forecast indicates a 26.16% rise compared to DUOL last annual SG&A of $55.73M (Sep 23).

Duolingo EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	4	5	4	5	2	7	9	4	5	4	8	4	5	4	4	3	4	3	5	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.07	$0.09	$-0.06	$-0.35	$-0.46	$-0.38	$-0.31	$-0.46	$-0.98
Avg Forecast	$1.40	$1.18	$1.19	$1.16	$0.88	$0.74	$0.75	$0.68	$0.47	$0.35	$0.32	$0.27	$0.04	$-0.07	$-0.19	$-0.24	$-0.54	$-0.55	$-0.52	$-0.57	$-0.56	$-0.97
High Forecast	$1.42	$1.19	$1.21	$1.17	$0.89	$0.75	$0.76	$0.75	$0.57	$0.36	$0.32	$0.27	$0.06	$-0.07	$-0.19	$-0.23	$-0.53	$-0.55	$-0.52	$-0.57	$-0.56	$-0.97
Low Forecast	$1.37	$1.15	$1.17	$1.14	$0.86	$0.73	$0.74	$0.64	$0.43	$0.35	$0.32	$0.27	$0.01	$-0.07	$-0.19	$-0.24	$-0.55	$-0.55	$-0.52	$-0.57	$-0.56	$-0.97
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.98%	-0.47%	0.27%	0.65%	0.83%	0.74%	0.54%	0.83%	1.01%

According to 8 Wall Street analysts, Duolingo's projected average Quarter EPS for Dec 23 is $0.04, with a low estimate of $0.01 and a high estimate of $0.06. This represents a -40.48% decrease compared to DUOL previous annual EPS of $0.07 (Sep 23).

Duolingo Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
U	Unity Software	$19.80	$64.63	226.41%	Hold
ASAN	Asana	$13.78	$25.05	81.79%	Buy
BILL	Bill.com	$86.09	$142.04	64.99%	Buy
SNOW	Snowflake	$130.24	$204.88	57.31%	Buy
PAYC	Paycom Software	$216.92	$340.31	56.88%	Hold
DDOG	Datadog	$133.41	$145.31	8.92%	Buy
MNDY	monday	$257.02	$279.31	8.67%	Buy
GTLB	GitLab	$60.91	$63.63	4.47%	Buy
SMAR	Smartsheet	$55.89	$56.59	1.25%	Hold
TEAM	Atlassian	$247.73	$246.52	-0.49%	Buy
TTD	Trade Desk	$119.42	$113.04	-5.34%	Buy
CDNS	Cadence Design Systems	$299.63	$276.07	-7.86%	Buy
HUBS	HubSpot	$682.53	$599.36	-12.19%	Buy
NOW	ServiceNow	$1.02K	$831.13	-18.68%	Buy
DUOL	Duolingo	$322.07	$231.30	-28.18%	Buy

DUOL Forecast FAQ

Is Duolingo a good buy?

Yes, according to 12 Wall Street analysts, Duolingo (DUOL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 50.00% of DUOL's total ratings.

What is DUOL's price target?

Duolingo (DUOL) average price target is $231.3 with a range of $83 to $370, implying a -28.18% from its last price of $322.07. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Duolingo stock go up soon?

According to Wall Street analysts' prediction for DUOL stock, the company can go down by -28.18% (from the last price of $322.07 to the average price target of $231.3), up by 14.88% based on the highest stock price target, and down by -74.23% based on the lowest stock price target.

Can Duolingo stock reach $500?

DUOL's average twelve months analyst stock price target of $231.3 does not support the claim that Duolingo can reach $500 in the near future.

What is Duolingo's current price target trend?

2 Wall Street analysts forecast a $360.5 price target for Duolingo (DUOL) this month, up 11.93% from its last price of $322.07. Compared to the last 3 and 12 months, the average price target increased by 6.03% and decreased by -15.60%, respectively.

What are Duolingo's analysts' financial forecasts?

Duolingo's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $960.42M (high $969.99M, low $947.74M), average EBITDA is $-125M (high $-123M, low $-126M), average net income is $151.61M (high $156.74M, low $147.38M), average SG&A $455.41M (high $459.94M, low $449.39M), and average EPS is $3.06 (high $3.16, low $2.97). DUOL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.27B (high $1.28B, low $1.25B), average EBITDA is $-165M (high $-163M, low $-167M), average net income is $244.34M (high $247.86M, low $239.64M), average SG&A $601.32M (high $607.99M, low $592.43M), and average EPS is $4.93 (high $5, low $4.83).

Did the DUOL's actual financial results beat the analysts' financial forecasts?

Based on Duolingo's last annual report (Dec 2022), the company's revenue was $369.5M, beating the average analysts forecast of $358.47M by 3.08%. Apple's EBITDA was $-60.325M, beating the average prediction of $-50.88M by 18.56%. The company's net income was $-59.574M, missing the average estimation of $-93.736M by -36.44%. Apple's SG&A was $184.82M, missing the average forecast of $187.72M by -1.55%. Lastly, the company's EPS was $-1.51, missing the average prediction of $-2.178 by -30.67%. In terms of the last quarterly report (Sep 2023), Duolingo's revenue was $137.62M, beating the average analysts' forecast of $132.14M by 4.15%. The company's EBITDA was $-4.67M, missing the average prediction of $-17.217M by -72.88%. Duolingo's net income was $2.81M, missing the average estimation of $-3.552M by -179.02%. The company's SG&A was $55.74M, missing the average forecast of $62.66M by -11.04%. Lastly, the company's EPS was $0.07, missing the average prediction of $-0.0716 by -197.75%