Duolingo (DUOL) Stock Forecast, Price Target & Predictions
DUOL Stock Forecast
Duolingo stock forecast is as follows: an average price target of $299.80 (represents a -12.37% downside from DUOL’s last price of $342.12) 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 $299.80 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 $198.00. This represents a potential -12.37% downside from DUOL's last price of $342.12.
DUOL Analyst Ratings
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% | 2.60% |
| Nov 07, 2024 | Ryan MacDonald | Needham | $370.00 | $303.21 | 22.03% | 8.15% |
| Sep 25, 2024 | Mark Mahaney | Evercore ISI | $335.00 | $269.79 | 24.17% | -2.08% |
| Sep 25, 2024 | Ryan MacDonald | Needham | $310.00 | $269.79 | 14.90% | -9.39% |
| Aug 08, 2024 | Eric Sheridan | Goldman Sachs | $198.00 | $175.38 | 12.89% | -42.13% |
| Aug 08, 2024 | Ryan MacDonald | Needham | $245.00 | $176.58 | 38.75% | -28.39% |
| Aug 08, 2024 | Arvind Ramnani | Piper Sandler | $271.00 | $176.96 | 53.14% | -20.79% |
| Jul 26, 2024 | Curtis Nagle | Bank of America Securities | $245.00 | $168.31 | 45.56% | -28.39% |
| Jun 13, 2024 | Wyatt Swanson | D.A. Davidson | $250.00 | $197.92 | 26.31% | -26.93% |
| May 28, 2024 | Andrew Boone | JMP Securities | $260.00 | $178.40 | 45.74% | -24.00% |
| May 09, 2024 | Ryan MacDonald | Needham | $267.00 | $202.07 | 32.13% | -21.96% |
| Jan 19, 2024 | Eric Sheridan | Goldman Sachs | $160.00 | $190.35 | -15.94% | -53.23% |
| Apr 14, 2023 | Andrew Boone | JMP Securities | $155.00 | $134.90 | 14.90% | -54.69% |
| Jan 03, 2023 | Piper Sandler | $95.00 | $71.13 | 33.56% | -72.23% | |
| Nov 11, 2022 | Aaron Kessler | Raymond James | $109.00 | $74.98 | 45.37% | -68.14% |
| Nov 11, 2022 | Barclays | $83.00 | $84.75 | -2.06% | -75.74% | |
| Jul 07, 2022 | Ryan MacDonald | Needham | $115.00 | $99.31 | 15.80% | -66.39% |
| Jul 03, 2022 | Arvind Ramnani | Piper Sandler | $119.00 | $95.06 | 25.18% | -65.22% |
| Jun 09, 2022 | Eric Sheridan | Goldman Sachs | $84.00 | $96.15 | -12.64% | -75.45% |
| May 13, 2022 | Andrew Boone | JMP Securities | $128.00 | $66.98 | 91.10% | -62.59% |
| Mar 28, 2022 | Justin Patterson | KeyBanc | $112.00 | $93.06 | 20.35% | -67.26% |
| Mar 06, 2022 | Mark Mahaney | Evercore ISI | $120.00 | $74.68 | 60.69% | -64.92% |
| Jan 17, 2022 | Arvind Ramnani | Piper Sandler | $137.00 | $92.63 | 47.90% | -59.96% |
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 2.60% increase from DUOL last price ($342.12).
Duolingo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 12 |
| Avg Price Target | - | $341.50 | $271.83 |
| Last Closing Price | $342.12 | $342.12 | $342.12 |
| Upside/Downside | -100.00% | -0.18% | -20.55% |
In the current month, the average price target of Duolingo stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Duolingo's last price of $342.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 |
| Aug 30, 2024 | Sandler O'Neill | Market Outperform | Market Outperform | Hold |
| Aug 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 08, 2024 | Needham | Underperform | Underperform | Hold |
| Aug 08, 2024 | Piper Sandler | Market Outperform | Market Outperform | 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 |
| May 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Feb 29, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Feb 29, 2024 | UBS | Buy | Buy | Hold |
| Nov 09, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 13, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 10, 2023 | KeyBanc | Sector Weight | Sector Weight | Hold |
| May 11, 2023 | Goldman Sachs | Neutral | Neutral | Hold |
| Apr 14, 2023 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Jan 03, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Nov 11, 2022 | Needham | Buy | Buy | Hold |
| Nov 11, 2022 | JMP Securities | Buy | Buy | Hold |
| Nov 11, 2022 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 11, 2022 | KeyBanc | Overweight | Sector Weight | Downgrade |
| Jul 07, 2022 | Needham | Buy | Initialise | |
| Jul 03, 2022 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 09, 2022 | Goldman Sachs | Neutral | Neutral | Hold |
| May 13, 2022 | Raymond James | Market Perform | Upgrade | |
| May 13, 2022 | Goldman Sachs | Neutral | Neutral | Hold |
| May 13, 2022 | JMP Securities | Buy | Buy | Hold |
| Mar 28, 2022 | KeyBanc | Overweight | Upgrade | |
| Jan 17, 2022 | Piper Sandler | Overweight | Overweight | Hold |
| Nov 17, 2021 | Evercore ISI | Outperform | Upgrade |
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 | $338.18M | $318.16M | $299.23M | $286.23M | $260.17M | $247.21M | $232.92M | $220.44M | $205.02M | $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 | $342.69M | $322.39M | $303.21M | $290.03M | $263.64M | $250.50M | $236.02M | $221.80M | $205.62M | $189.22M | $177.13M | $165.60M | $149.25M | $132.15M | $125.36M | $114.16M | $101.22M | $95.31M | $85.70M | $77.56M | $68.99M | $60.46M |
| Low Forecast | $331.80M | $312.15M | $293.58M | $280.82M | $255.26M | $242.54M | $228.52M | $218.70M | $204.42M | $189.15M | $177.13M | $165.60M | $147.84M | $132.13M | $121.37M | $110.53M | $98.01M | $95.31M | $85.70M | $77.56M | $68.99M | $60.46M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 10 | 9 | 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 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 10 | 9 | 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 | $-44.07M | $-41.46M | $-38.99M | $-37.29M | $-33.90M | $-32.21M | $-30.35M | $-28.72M | $-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 | $-43.23M | $-40.67M | $-38.25M | $-36.59M | $-33.26M | $-31.60M | $-29.78M | $-28.50M | $-26.64M | $-24.65M | $-23.08M | $-21.58M | $-19.26M | $-17.22M | $-15.81M | $-14.40M | $-12.77M | $-12.10M | $-10.88M | $-11.90M | $-8.76M | $-21.08M |
| Low Forecast | $-44.65M | $-42.01M | $-39.51M | $-37.79M | $-34.35M | $-32.64M | $-30.75M | $-28.90M | $-26.79M | $-24.65M | $-23.08M | $-21.58M | $-19.45M | $-17.22M | $-16.33M | $-14.87M | $-13.19M | $-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% |
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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 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 10 | 9 | 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 | $42.98M | $36.63M | $36.85M | $33.57M | $23.78M | $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 | $70.54M | $59.38M | $60.24M | $58.41M | $43.72M | $37.27M | $37.48M | $36.97M | $28.63M | $17.80M | $15.86M | $13.54M | $2.92M | $-3.46M | $-9.25M | $-11.56M | $-26.19M | $-26.33M | $-24.63M | $-12.74M | $-26.51M | $-21.66M |
| Low Forecast | $67.64M | $56.94M | $57.76M | $56.00M | $41.92M | $35.73M | $35.94M | $31.62M | $21.84M | $17.37M | $15.85M | $13.54M | $364.71K | $-3.61M | $-9.65M | $-12.05M | $-27.31M | $-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 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 10 | 9 | 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 | $160.36M | $150.86M | $141.88M | $135.72M | $123.37M | $117.22M | $110.44M | $104.53M | $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 | $162.49M | $152.87M | $143.77M | $137.53M | $125.01M | $118.78M | $111.91M | $105.17M | $97.50M | $89.72M | $83.99M | $78.53M | $70.77M | $62.66M | $59.44M | $54.13M | $48.00M | $45.06M | $40.52M | $65.73M | $32.62M | $50.33M |
| Low Forecast | $157.33M | $148.01M | $139.21M | $133.16M | $121.04M | $115.01M | $108.36M | $103.70M | $96.93M | $89.69M | $83.99M | $78.53M | $70.10M | $62.65M | $57.55M | $52.41M | $46.47M | $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 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 10 | 9 | 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 | $0.87 | $0.74 | $0.74 | $0.68 | $0.48 | $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 | $1.20 | $1.21 | $1.18 | $0.88 | $0.75 | $0.76 | $0.75 | $0.58 | $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 | $1.36 | $1.15 | $1.16 | $1.13 | $0.85 | $0.72 | $0.72 | $0.64 | $0.44 | $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 |
|---|---|---|---|---|---|
| MNDY | monday | $251.80 | $296.25 | 17.65% | Buy |
| GTLB | GitLab | $59.14 | $64.00 | 8.22% | Buy |
| CDNS | Cadence Design Systems | $311.35 | $322.50 | 3.58% | Buy |
| SMAR | Smartsheet | $55.96 | $56.64 | 1.22% | Hold |
| SNOW | Snowflake | $170.81 | $164.58 | -3.65% | Buy |
| DDOG | Datadog | $156.91 | $148.25 | -5.52% | Buy |
| TTD | Trade Desk | $135.02 | $123.63 | -8.44% | Buy |
| HUBS | HubSpot | $741.67 | $671.25 | -9.49% | Buy |
| NOW | ServiceNow | $1.11K | $973.56 | -12.66% | Buy |
| U | Unity Software | $24.66 | $21.33 | -13.50% | Hold |
| TEAM | Atlassian | $269.79 | $231.46 | -14.21% | Buy |
| DUOL | Duolingo | $354.04 | $299.80 | -15.32% | Buy |
| PAYC | Paycom Software | $232.97 | $182.50 | -21.66% | Hold |
| BILL | Bill.com | $87.46 | $63.82 | -27.03% | Buy |
| ASAN | Asana | $26.32 | $14.00 | -46.81% | Buy |