Duolingo Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, Duolingo stock has a consensus rating of "Hold" and an average price target of $106.37. The average 1-year stock price forecast is 18.15% lower than the current stock price, while the lowest is $82 (-36.90%) and the highest is $145 (+11.58%).

Price Target: $106.37 (-18.15%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$82	$106.37	$101	$145
Change	-36.90%	-18.15%	-22.28%	+11.58%

Analyst Ratings

The average analyst rating for Duolingo stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	3	2	2	2	2	2
Buy	2	2	2	2	2	2
Hold	17	18	18	18	18	18
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	23	23	23	23	23	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alec Brondolo Wells Fargo	Wells Fargo	Sell Reiterates $81 → $82	Sell	Reiterates	$81 → $82	-36.90%	Jul 7, 2026
Wyatt Swanson D.A. Davidson	D.A. Davidson	Hold Reiterates $120	Hold	Reiterates	$120	-7.66%	Jun 29, 2026
Bryan Smilek J.P. Morgan	J.P. Morgan	Hold Maintains $94	Hold	Maintains	$94	-27.66%	Jun 25, 2026
Justin Patterson KeyBanc	KeyBanc	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jun 4, 2026
John Staszak Argus Research	Argus Research	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jun 3, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.21B

from 1.04B

16.29%

from 1.04B

Revenue Next Year

1.37B

from 1.21B

13.89%

from 1.21B

EPS This Year

6.69

from 11.77

-43.17%

from 11.77

EPS Next Year

7.85

from 6.69

17.33%

from 6.69

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	250.77M	369.50M	531.11M	748.02M	1.04B	1.21B
Revenue Growth	55.09%	47.34%	43.74%	40.84%	38.71%	16.29%
Gross Profit	181.59M	270.06M	389.00M	544.38M	749.46M	851.86M
Gross Margin	72.41%	73.09%	73.24%	72.78%	72.23%	70.60%
Operating Income	-60.01M	-65.20M	-13.26M	63.81M	141.24M	123.25M
Net Income	-60.14M	-59.57M	16.07M	88.57M	414.07M	145.27M
EPS	-	-	-	-	11.77	6.69
EPS Growth	-	-	-	-	186.03%	-43.17%
Forward PE	-	-	-	122.92	44.78	19.44
Free Cash Flow	23.58M	65.23M	115.82M	212.55M	264.80M	361.66M
No. Analysts	-	-	-	-	-	20

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	1.2B
Avg	1.2B
Low	1.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	17.0%
Avg	16.3%
Low	15.6%

EPS Forecast

EPS	2026	2027	2028
High	6.75
Avg	6.69
Low	6.60

EPS Growth

EPS Growth	2026	2027	2028
High	-42.6%
Avg	-43.2%
Low	-43.9%