Duolingo, Inc. (DUOL)

Duolingo Stock Forecast

Stock Price Forecast

The 13 analysts that cover Duolingo stock have a consensus rating of "Buy" and an average price target of $448.31, which forecasts a 29.36% increase in the stock price over the next year. The lowest target is $370 and the highest is $500.

Price Target: $448.31 (+29.36%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$370	$448.31	$465	$500
Change	+6.77%	+29.36%	+34.18%	+44.28%

Analyst Ratings

The average analyst rating for Duolingo stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '25	Mar '25	Apr '25	May '25	Jun '25	Jul '25
Strong Buy	3	3	3	3	3	3
Buy	3	4	4	6	6	6
Hold	7	6	6	6	6	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	13	15	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Boone JMP Securities	JMP Securities	Buy Maintains $475 → $450	Buy	Maintains	$475 → $450	+29.85%	Jul 28, 2025
Bryan Smilek JP Morgan	JP Morgan	Buy Maintains $580 → $500	Buy	Maintains	$580 → $500	+44.28%	Jul 17, 2025
Nathan Feather Morgan Stanley	Morgan Stanley	Buy Maintains $515 → $480	Buy	Maintains	$515 → $480	+38.51%	Jul 8, 2025
Wyatt Swanson DA Davidson	DA Davidson	Strong Buy Maintains $600 → $500	Strong Buy	Maintains	$600 → $500	+44.28%	Jun 25, 2025
Bryan Smilek JP Morgan	JP Morgan	Buy Maintains $500 → $580	Buy	Maintains	$500 → $580	+67.36%	Jun 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.02B

Increased by 35.82%

from 748.02M

Revenue Next Year

1.29B

Increased by 26.77%

from 1.02B

EPS This Year

3.05

Increased by 62.37%

from 1.88

EPS Next Year

4.54

Increased by 48.65%

from 3.05

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	161.70M	250.77M	369.50M	531.11M	748.02M	1.02B	1.29B	1.61B
Revenue Growth	128.51%	55.09%	47.34%	43.74%	40.84%	35.82%	26.77%	25.00%
EPS	-1.24	-2.57	-1.51	0.35	1.88	3.05	4.54	6.62
EPS Growth	-	-	-	-	437.14%	62.37%	48.65%	45.98%
Forward PE	-	-	-	-	-	113.53	76.37	52.32
No. Analysts	-	-	-	-	-	22	22	13

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.1B	1.4B	1.7B
Avg	1.0B	1.3B	1.6B
Low	970.2M	1.2B	1.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	42.2%	34.4%	33.9%
Avg	35.8%	26.8%	25.0%
Low	29.7%	18.3%	13.0%

EPS Forecast

EPS	2025	2026	2027
High	3.66	5.51	7.50
Avg	3.05	4.54	6.62
Low	2.55	3.51	5.79

EPS Growth

EPS Growth	2025	2026	2027
High	94.9%	80.6%	65.2%
Avg	62.4%	48.7%	46.0%
Low	35.5%	14.9%	27.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.