Duolingo (DUOL) Stock Forecast, Price Target & Predictions
DUOL Stock Forecast
Duolingo stock forecast is as follows: an average price target of $189.30 (represents a -9.10% downside from DUOL’s last price of $208.26) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
DUOL Price Target
The average price target for Duolingo (DUOL) is $189.30 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $271.00 to $83.00. This represents a potential -9.10% downside from DUOL's last price of $208.26.
DUOL Analyst Ratings
According to 10 Wall Street analysts, Duolingo's rating consensus is 'Buy'. The analyst rating breakdown for DUOL stock is 0 'Strong Buy' (0.00%), 6 'Buy' (60.00%), 4 'Hold' (40.00%), 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 |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Eric Sheridan | Goldman Sachs | $198.00 | $175.38 | 12.89% | -4.93% |
| Aug 08, 2024 | Ryan MacDonald | Needham | $245.00 | $176.58 | 38.75% | 17.64% |
| Aug 08, 2024 | Arvind Ramnani | Piper Sandler | $271.00 | $176.96 | 53.14% | 30.13% |
| Jul 26, 2024 | Curtis Nagle | Bank of America Securities | $245.00 | $168.31 | 45.56% | 17.64% |
| Jun 13, 2024 | Wyatt Swanson | D.A. Davidson | $250.00 | $197.92 | 26.31% | 20.04% |
| May 28, 2024 | Andrew Boone | JMP Securities | $260.00 | $178.40 | 45.74% | 24.84% |
| May 09, 2024 | Ryan MacDonald | Needham | $267.00 | $202.07 | 32.13% | 28.21% |
| Jan 19, 2024 | Eric Sheridan | Goldman Sachs | $160.00 | $190.35 | -15.94% | -23.17% |
| Apr 14, 2023 | Andrew Boone | JMP Securities | $155.00 | $134.90 | 14.90% | -25.57% |
| Jan 03, 2023 | - | Piper Sandler | $95.00 | $71.13 | 33.56% | -54.38% |
The latest Duolingo stock forecast, released on Aug 08, 2024 by Eric Sheridan from Goldman Sachs, set a price target of $198.00, which represents a 12.89% increase from the stock price at the time of the forecast ($175.38), and a -4.93% decrease from DUOL last price ($208.26).
Duolingo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 5 | 8 |
| Avg Price Target | $238.00 | $241.80 | $237.00 |
| Last Closing Price | $208.26 | $208.26 | $208.26 |
| Upside/Downside | 14.28% | 16.10% | 13.80% |
In the current month, the average price target of Duolingo stock is $238.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 14.28% increase as opposed to Duolingo's last price of $208.26. This month's average price target is down -1.57% compared to last quarter, and up 0.42% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 30, 2024 | Sandler O'Neill | Market Outperform | Market Outperform | Hold |
| Aug 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 08, 2024 | Piper Sandler | Market Outperform | Market Outperform | Hold |
| Aug 08, 2024 | Needham | Underperform | Underperform | Hold |
| Aug 08, 2024 | Needham | Buy | Buy | Hold |
| Aug 08, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 26, 2024 | Bank of America Securities | - | Buy | Upgrade |
| Jul 15, 2024 | Wolfe Research | - | Peer Perform | Initialise |
| May 28, 2024 | JMP Securities | Market Outperform | Outperform | Upgrade |
| May 09, 2024 | Needham | Buy | Buy | Hold |
Duolingo's last stock rating was published by Sandler O'Neill on Aug 30, 2024. The company gave DUOL a "Market Outperform" rating, the same as its previous rate.
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 | $212.11M | $199.81M | $193.73M | $177.99M | $257.77M | $241.16M | $229.18M | $215.53M | $201.27M | $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 | $216.13M | $203.60M | $197.41M | $181.37M | $262.66M | $245.74M | $233.53M | $219.62M | $205.09M | $189.72M | $180.49M | $168.75M | $149.25M | $134.64M | $126.06M | $114.80M | $101.79M | $97.12M | $86.64M | $78.40M | $69.74M | $61.12M |
| Low Forecast | $210.45M | $198.24M | $192.21M | $176.59M | $255.75M | $239.27M | $227.39M | $213.84M | $199.70M | $188.72M | $175.74M | $164.31M | $147.84M | $131.10M | $122.74M | $111.78M | $99.11M | $94.56M | $85.26M | $77.16M | $68.63M | $60.15M |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $-26.94M | $-25.37M | $-24.60M | $-22.60M | $-32.73M | $-30.62M | $-29.10M | $-27.37M | $-25.56M | $-24.03M | $-22.49M | $-21.03M | $-18.83M | $-16.78M | $-15.71M | $-14.31M | $-12.69M | $-33.33M | $-10.88M | $-14.88M | $-8.76M | $-26.35M |
| High Forecast | $-26.72M | $-25.17M | $-24.41M | $-22.43M | $-32.48M | $-30.38M | $-28.88M | $-27.16M | $-25.36M | $-23.97M | $-22.32M | $-20.87M | $-18.77M | $-16.65M | $-15.59M | $-14.19M | $-12.59M | $-26.66M | $-10.83M | $-11.90M | $-8.72M | $-21.08M |
| Low Forecast | $-27.45M | $-25.85M | $-25.07M | $-23.03M | $-33.36M | $-31.21M | $-29.66M | $-27.89M | $-26.04M | $-24.09M | $-22.92M | $-21.43M | $-18.95M | $-17.10M | $-16.01M | $-14.58M | $-12.93M | $-40.00M | $-11.00M | $-17.85M | $-8.86M | $-31.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.28% | 0.31% | 0.47% | 1.32% | 0.60% | 1.27% | 0.74% | 1.90% | 1.07% |
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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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $61.03M | $56.17M | $60.37M | $52.67M | $40.20M | $33.37M | $33.75M | $30.05M | $21.08M | $16.82M | $15.27M | $13.04M | $1.99M | $-3.42M | $-9.14M | $-11.41M | $-25.86M | $-34.26M | $-24.63M | $-15.93M | $-26.51M | $-27.08M |
| High Forecast | $62.54M | $57.55M | $61.86M | $53.97M | $41.19M | $34.19M | $34.59M | $30.79M | $21.60M | $20.09M | $15.65M | $13.36M | $2.81M | $-3.39M | $-9.04M | $-11.30M | $-25.59M | $-27.41M | $-24.46M | $-12.74M | $-26.33M | $-21.66M |
| Low Forecast | $60.41M | $55.59M | $59.75M | $52.13M | $39.79M | $33.03M | $33.41M | $29.75M | $20.87M | $14.95M | $15.11M | $12.91M | $351.25K | $-3.51M | $-9.36M | $-11.69M | $-26.49M | $-41.11M | $-24.98M | $-19.11M | $-26.89M | $-32.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.82% | -0.41% | 0.23% | 0.54% | 0.54% | 0.61% | 0.76% | 0.66% | 1.07% |
Duolingo's average Quarter net income forecast for Dec 23 is $1.99M, with a range of $351.25K to $2.81M. DUOL's average Quarter net income forecast represents a -29.09% 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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $100.27M | $94.46M | $91.59M | $84.15M | $121.86M | $114.01M | $108.35M | $101.89M | $95.15M | $89.44M | $83.74M | $78.29M | $70.11M | $62.47M | $58.48M | $53.26M | $47.23M | $53.06M | $40.52M | $54.77M | $32.62M | $41.95M |
| High Forecast | $102.18M | $96.25M | $93.33M | $85.74M | $124.17M | $116.17M | $110.40M | $103.83M | $96.96M | $89.69M | $85.33M | $79.78M | $70.56M | $63.65M | $59.59M | $54.27M | $48.12M | $63.67M | $40.96M | $65.73M | $32.97M | $50.33M |
| Low Forecast | $99.49M | $93.72M | $90.87M | $83.49M | $120.91M | $113.12M | $107.50M | $101.09M | $94.41M | $89.22M | $83.08M | $77.68M | $69.89M | $61.98M | $58.03M | $52.84M | $46.86M | $42.45M | $40.31M | $43.82M | $32.45M | $33.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.85% | 0.88% | 1.05% | 0.90% | 1.12% | 0.76% | 1.24% | 1.07% |
Duolingo's average Quarter SG&A projection for Dec 23 is $70.11M, based on 8 Wall Street analysts, with a range of $69.89M to $70.56M. The forecast indicates a 25.78% 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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $1.28 | $1.18 | $1.26 | $1.10 | $0.84 | $0.70 | $0.71 | $0.63 | $0.44 | $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 | $1.31 | $1.20 | $1.29 | $1.13 | $0.86 | $0.72 | $0.72 | $0.64 | $0.45 | $0.42 | $0.33 | $0.28 | $0.06 | $-0.07 | $-0.19 | $-0.24 | $-0.54 | $-0.55 | $-0.51 | $-0.57 | $-0.55 | $-0.96 |
| Low Forecast | $1.26 | $1.16 | $1.25 | $1.09 | $0.83 | $0.69 | $0.70 | $0.62 | $0.44 | $0.31 | $0.32 | $0.27 | $0.01 | $-0.07 | $-0.20 | $-0.24 | $-0.55 | $-0.56 | $-0.52 | $-0.58 | $-0.56 | $-0.98 |
| 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 | $15.86 | $64.97 | 309.65% | Hold |
| BILL | Bill.com | $55.06 | $148.48 | 169.67% | Buy |
| PAYC | Paycom Software | $154.91 | $349.50 | 125.61% | Buy |
| ASAN | Asana | $11.78 | $24.93 | 111.63% | Buy |
| SNOW | Snowflake | $108.56 | $206.83 | 90.52% | Buy |
| TEAM | Atlassian | $161.31 | $237.67 | 47.34% | Buy |
| DDOG | Datadog | $107.20 | $138.49 | 29.19% | Buy |
| HUBS | HubSpot | $496.48 | $595.44 | 19.93% | Buy |
| GTLB | GitLab | $53.09 | $63.20 | 19.04% | Buy |
| MNDY | monday | $241.08 | $269.92 | 11.96% | Buy |
| SMAR | Smartsheet | $52.27 | $56.69 | 8.46% | Buy |
| TTD | Trade Desk | $100.31 | $107.18 | 6.85% | Buy |
| CDNS | Cadence Design Systems | $247.52 | $248.90 | 0.56% | Buy |
| DUOL | Duolingo | $208.26 | $189.30 | -9.10% | Buy |
| NOW | ServiceNow | $825.04 | $728.75 | -11.67% | Buy |
DUOL Forecast FAQ
Is Duolingo a good buy?
Yes, according to 10 Wall Street analysts, Duolingo (DUOL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 60.00% of DUOL's total ratings.
What is DUOL's price target?
Duolingo (DUOL) average price target is $189.3 with a range of $83 to $271, implying a -9.10% from its last price of $208.26. The data is based on 10 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 -9.10% (from the last price of $208.26 to the average price target of $189.3), up by 30.13% based on the highest stock price target, and down by -60.15% based on the lowest stock price target.
Can Duolingo stock reach $300?
DUOL's average twelve months analyst stock price target of $189.3 does not support the claim that Duolingo can reach $300 in the near future.
What is Duolingo's current price target trend?
3 Wall Street analysts forecast a $238 price target for Duolingo (DUOL) this month, up 14.28% from its last price of $208.26. Compared to the last 3 and 12 months, the average price target increased by 16.10% and increased by 13.80%, 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 $943.63M (high $961.55M, low $936.25M), average EBITDA is $-120M (high $-119M, low $-122M), average net income is $137.37M (high $140.76M, low $135.98M), average SG&A $446.11M (high $454.58M, low $442.62M), and average EPS is $2.88 (high $2.95, low $2.85). DUOL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $783.63M (high $798.51M, low $777.5M), average EBITDA is $-99.513M (high $-98.734M, low $-101M), average net income is $230.23M (high $235.92M, low $227.89M), average SG&A $370.47M (high $377.5M, low $367.57M), and average EPS is $4.82 (high $4.94, low $4.77).
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, missing the average prediction of $-71.776M by -15.95%. The company's net income was $-59.574M, missing the average estimation of $-101M by -40.82%. Apple's SG&A was $184.82M, missing the average forecast of $195.58M by -5.50%. 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 $-16.78M by -72.17%. Duolingo's net income was $2.81M, missing the average estimation of $-3.421M by -182.05%. The company's SG&A was $55.74M, missing the average forecast of $62.47M by -10.78%. Lastly, the company's EPS was $0.07, missing the average prediction of $-0.0716 by -197.75%