Duolingo (NASDAQ:DUOL) Price Target Raised to $140.00

Duolingo (NASDAQ:DUOL) had its price target hoisted by Scotiabank from $120.00 to $140.00 in a report published on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

DUOL has been the topic of several other research reports. Truist Financial lifted their price target on shares of Duolingo from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Compass Point assumed coverage on shares of Duolingo in a research note on Tuesday, August 18th. They issued a “buy” rating on the stock. KeyCorp raised shares of Duolingo from a “hold” rating to an “overweight” rating in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of Duolingo from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Jefferies Financial Group increased their target price on shares of Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.62.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded up $3.40 on Wednesday, hitting $160.42. The company had a trading volume of 1,283,226 shares, compared to its average volume of 857,488. The business has a 50 day moving average of $145.63 and a 200 day moving average of $124.23. The company has a market cap of $7.51 billion, a PE ratio of 52.94, a PEG ratio of 1.11 and a beta of 1.08. Duolingo has a 52-week low of $87.89 and a 52-week high of $213.37. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $309.01 million during the quarter, compared to analyst estimates of $303.20 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. Duolingo’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.95 EPS. As a group, equities analysts anticipate that Duolingo will post 2.70 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 8,072 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $149.33, for a total transaction of $1,205,391.76. Following the completion of the sale, the general counsel owned 43,769 shares in the company, valued at $6,536,024.77. The trade was a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William B. Gordon sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $145.67, for a total value of $1,456,700.00. Following the sale, the director owned 68,415 shares of the company’s stock, valued at approximately $9,966,013.05. The trade was a 12.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 264,440 shares of company stock valued at $39,697,193 over the last 90 days. 16.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Duolingo by 511.2% in the first quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock valued at $131,325,000 after acquiring an additional 1,114,315 shares during the last quarter. State of Michigan Retirement System increased its position in Duolingo by 112.9% in the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock worth $117,624,000 after purchasing an additional 632,807 shares during the period. Amundi raised its holdings in Duolingo by 1,351.7% during the 1st quarter. Amundi now owns 449,068 shares of the company’s stock worth $44,265,000 after purchasing an additional 418,134 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Duolingo by 91.3% during the 1st quarter. Renaissance Technologies LLC now owns 603,806 shares of the company’s stock worth $59,517,000 after purchasing an additional 288,252 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Duolingo by 416.0% during the 1st quarter. Pacer Advisors Inc. now owns 238,458 shares of the company’s stock worth $23,505,000 after purchasing an additional 192,245 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo News Summary

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: Duolingo’s Q3 revenue exceeded expectations, while daily active users grew about 29% and paid subscribers rose nearly 14%. The company also raised its sales outlook, supporting optimism that user engagement can drive future growth. User growth and outlook
• Neutral Sentiment: Analyst reactions are mixed but mostly cautious: Truist lifted its price target to $170 while maintaining Hold, and Scotiabank raised its target to $140 with a Sector Perform rating. The target increases acknowledge improved prospects, but the ratings suggest limited conviction after the recent rebound. Scotiabank rating
• Negative Sentiment: Q3 earnings per share missed analysts’ estimates, and user growth outpacing bookings has renewed questions about monetization and near-term profitability. These concerns could temper the positive growth story. Growth and monetization analysis
• Negative Sentiment: Law firms are publicizing a securities class action alleging misleading statements during May 2025–February 2026. The allegations have not been proven, but the case adds uncertainty. Class action notice
• Negative Sentiment: Duolingo’s general counsel sold shares worth $647,500. The transaction was made under a pre-arranged trading plan, which may lessen its significance, though insider sales can weigh on sentiment. Insider sale details

About Duolingo

Duolingo, Inc develops technology-based learning products designed to make education accessible and engaging. Its flagship Duolingo mobile and web platform offers gamified courses in languages including Spanish, English, French, German and Japanese, among others. Lessons incorporate interactive exercises, personalized practice and achievement-based features intended to support regular learning.

The company also operates the Duolingo English Test, an online English-proficiency assessment that can be taken remotely and is accepted by educational institutions and other organizations.