Duolingo, Inc. (DUOL)

Duolingo Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Duolingo stock have an average target of 380, with a low estimate of 330 and a high estimate of 410. The average target predicts a decrease of -5.00% from the current stock price of 400.00.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$330	$380	$390	$410
Change	-17.50%	-5.00%	-2.50%	+2.50%

Analyst Ratings

The average analyst rating for Duolingo stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	3	3	3	3	3	3
Buy	3	3	3	4	4	4
Hold	6	7	7	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	13	13	13	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nat Schindler Scotiabank	Scotiabank	Buy Maintains $425 → $405	Buy	Maintains	$425 → $405	+1.25%	Apr 23, 2025
Chris Kuntarich UBS	UBS	Strong Buy Maintains $430 → $400	Strong Buy	Maintains	$430 → $400	n/a	Apr 11, 2025
Bryan Smilek JP Morgan	JP Morgan	Buy Maintains $410 → $360	Buy	Maintains	$410 → $360	-10.00%	Apr 8, 2025
Wyatt Swanson DA Davidson	DA Davidson	Strong Buy Maintains $400 → $410	Strong Buy	Maintains	$400 → $410	+2.50%	Mar 27, 2025
Andrew Boone Citizens Capital Markets	Citizens Capital Markets	Hold → Buy Upgrades $400	Hold → Buy	Upgrades	$400	n/a	Mar 18, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

996.49M

Increased by 33.22%

from 748.02M

Revenue Next Year

1.26B

Increased by 26.04%

from 996.49M

EPS This Year

2.87

Increased by 52.46%

from 1.88

EPS Next Year

4.34

Increased by 51.33%

from 2.87

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	996.49M	1.26B	1.57B
Revenue Growth	128.51%	55.09%	47.34%	43.74%	40.84%	33.22%	26.04%	25.00%
EPS	-1.24	-2.57	-1.51	0.35	1.88	2.87	4.34	7.22
EPS Growth	-	-	-	-	437.14%	52.46%	51.33%	66.52%
Forward PE	-	-	-	-	-	139.56	92.22	55.38
No. Analysts	-	-	-	-	-	22	21	13

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.0B	1.4B	1.8B
Avg	996.5M	1.3B	1.6B
Low	948.6M	1.1B	1.3B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	40.1%	36.4%	40.2%
Avg	33.2%	26.0%	25.0%
Low	26.8%	14.7%	4.7%

EPS Forecast

EPS	2025	2026	2027
High	4.03	7.10	12.39
Avg	2.87	4.34	7.22
Low	2.15	2.91	5.64

EPS Growth

EPS Growth	2025	2026	2027
High	114.5%	147.6%	185.6%
Avg	52.5%	51.3%	66.5%
Low	14.2%	1.5%	29.9%

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.