Duolingo, Inc. (DUOL)

Duolingo Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Duolingo stock have an average target of 444.85, with a low estimate of 370 and a high estimate of 515. The average target predicts a decrease of -14.09% from the current stock price of 517.83.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$370	$444.85	$465	$515
Change	-28.55%	-14.09%	-10.20%	-0.55%

Analyst Ratings

The average analyst rating for Duolingo stock from 15 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	6
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	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Sheridan Goldman Sachs	Goldman Sachs	Hold Maintains $340 → $403	Hold	Maintains	$340 → $403	-22.18%	May 5, 2025
Nathan Feather Morgan Stanley	Morgan Stanley	Buy Maintains $435 → $515	Buy	Maintains	$435 → $515	-0.55%	May 5, 2025
Chris Kuntarich UBS	UBS	Strong Buy Maintains $400 → $500	Strong Buy	Maintains	$400 → $500	-3.44%	May 2, 2025
Bryan Smilek JP Morgan	JP Morgan	Buy Maintains $360 → $500	Buy	Maintains	$360 → $500	-3.44%	May 2, 2025
Wyatt Swanson DA Davidson	DA Davidson	Strong Buy Maintains $410 → $470	Strong Buy	Maintains	$410 → $470	-9.24%	May 2, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.01B

Increased by 35.56%

from 748.02M

Revenue Next Year

1.28B

Increased by 26.53%

from 1.01B

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	1.01B	1.28B	1.61B
Revenue Growth	128.51%	55.09%	47.34%	43.74%	40.84%	35.56%	26.53%	25.10%
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	-	-	-	-	-	180.67	119.38	71.69
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	1.1B	1.4B	1.8B
Avg	1.0B	1.3B	1.6B
Low	956.6M	1.1B	1.3B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	43.3%	38.7%	40.7%
Avg	35.6%	26.5%	25.1%
Low	27.9%	12.7%	2.5%

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.