Duolingo (DUOL) Stock Forecast & Price Target

$278.03

+0.07 (+0.03%)

(As of 09/27/2024 ET)

Duolingo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
2

Buy
9

Based on 12 Wall Street analysts who have issued ratings for Duolingo in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 2 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for DUOL.

Consensus Price Target

$255.50
-8.10% Downside

According to the 12 analysts' twelve-month price targets for Duolingo, the average price target is $255.50. The highest price target for DUOL is $310.00, while the lowest price target for DUOL is $183.00. The average price target represents a forecasted downside of -8.10% from the current price of $278.03.

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DUOL Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$255.50	$237.40	$246.70	$150.00
Forecasted Upside	-8.10% Downside	14.38% Upside	18.22% Upside	-9.57% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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DUOL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DUOL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Duolingo Stock vs. The Competition

Type	Duolingo	Business Services Companies	S&P 500
Consensus Rating Score	2.75	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-8.10% Downside	304.25% Upside	6.13% Upside
News Sentiment Rating	Neutral News See Recent DUOL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/25/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$255.00 ➝ $303.00	+4.44%
9/25/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$292.00 ➝ $298.00	+3.84%
9/25/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$245.00 ➝ $310.00	+14.90%
9/25/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Boone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Outperform ➝ Market Outperform	$260.00 ➝ $275.00	+1.93%
9/10/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Swanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$250.00 ➝ $250.00	+15.21%
8/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$271.00 ➝ $271.00	+30.57%
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8/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$230.00 ➝ $183.00	+1.22%
8/5/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mahaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
2/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$160.00 ➝ $190.00	-17.55%
2/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $275.00	+40.66%
2/27/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kessler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
8/28/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:31 AM ET.

DUOL Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Duolingo is $255.50, with a high forecast of $310.00 and a low forecast of $183.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Duolingo in the last year. There is currently 1 sell rating, 2 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DUOL shares.
: According to analysts, Duolingo's stock has a predicted downside of -8.10% based on their 12-month stock forecasts.
: Over the previous 90 days, Duolingo's stock had 2 upgrades by analysts.
: Duolingo has been rated by research analysts at Bank of America, Barclays, DA Davidson, Evercore ISI, JMP Securities, JPMorgan Chase & Co., Needham & Company LLC, Piper Sandler, and Wolfe Research in the past 90 days.
: Analysts like Duolingo more than other "business services" companies. The consensus rating score for Duolingo is 2.75 while the average consensus rating score for "business services" companies is 2.65. Learn more on how DUOL compares to other companies.