Streetbeat News

DUOL

Duolingo, Inc.

https://www.duolingo.com

Industry

Software - Application

Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.

Open

319.01

Mkt cap

14B

Volume

570K

High

320.50

P/E Ratio

167.02

52-wk high

330.61

Low

306.67

Div yield

N/A

52-wk low

145.05

Goldman Sachs analyst Eric Sheridan downgraded shares of Duolingo Inc (DUOL) and Coursera Inc (COUR), citing risks from generative AI disruption in the EdTech sector. Sheridan sees traditional EdTech offerings being challenged by free, centralized content access. Duolingo's rating was lowered from Neutral to Sell with a price target of $160, and Coursera was downgraded from Neutral to Sell with a price target reduced from $18 to $14. Adjusted EBITDA margin and revenue estimates for both companies were also reduced. Shares of DUOL and COUR fell by 4.491% and 11.3%, respectively.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 5:54 pm

Goldman Sachs analyst Eric Sheridan has downgraded Duolingo (NASDAQ:DUOL) from Neutral to Sell, setting a price target of $160 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:02 am

KeyBanc analyst Justin Patterson provided updates on several app and entertainment companies. Netflix (NFLX) and Spotify (SPOT) are favored for their pricing power and product leadership, with Netflix's price target raised to $525 and Spotify's maintained at $255. Duolingo (DUOL) is rated Sector Weight with potential for future price increases. Match Group (MTCH) has a lowered price target of $48 due to concerns over its pricing strategy. Bumble (BMBL) retains an Overweight rating and $20 price target, with unchanged estimates. Patterson sees Spotify as his top pick, with Netflix expected to have low-teens revenue growth and raised EPS estimates for 2024 and 2025.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 7:33 pm

Piper Sandler analyst Arvind Ramnani has reiterated an Overweight rating on Duolingo (NASDAQ:DUOL) and maintained a price target of $217.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:03 am

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Duolingo (NASDAQ:DUOL) and increased the price target from $140 to $160.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:00 pm

During Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Fitell, Full House Resorts, Carrols Restaurant Group, Duolingo, RealReal, and Zapp Electric Vehicles saw their shares increase, with Fitell leading the gainers with a 31.5% rise. On the other hand, Fossil Group, Inspired Entertainment, Allbirds, Cheetah Net Supply Chain, BARK, and Traeger saw their shares fall, with Fossil Group leading the losers with a 31.5% drop. Most of these movements were influenced by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:31 pm

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Duolingo (NASDAQ:DUOL) and raised the price target from $140 to $160.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:17 pm

Several US stocks recorded gains in Thursday's trading session, despite the Dow Jones falling around 75 points. Companies such as Virgin Galactic, Affirm Holdings, Infinera Corporation, Marathon Digital Holdings, SomaLogic, PubMatic, LiveRamp Holdings, Braskem, Calumet Specialty Products Partners, Seritage Growth Properties, Riot Platforms, Duolingo, Bloom Energy Corporation, Vertex, Viasat, Natera, Jackson Financial, Prospect Capital Corporation, Amphastar Pharmaceuticals, Carrols Restaurant Group, MicroStrategy, Coinbase Global, TransDigm Group, Paycor HCM, ACI Worldwide, The Walt Disney Company, Tapestry, and Twilio reported better-than-expected financial results, leading to a surge in their share prices.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 3:14 pm

Duolingo reported better-than-expected Q3 sales results and raised its full year guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:42 pm

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. Full House Resorts, Carrols Restaurant Group, Zapp Electric Vehicles, Soho House, Duolingo, and Beachbody Co saw increases in their share prices, with Full House Resorts leading with a 19.7% increase. On the other hand, Inspired Entertainment, Topgolf Callaway Brands, Allbirds, AYRO, Luminar Technologies, and Lottery.com experienced decreases, with Inspired Entertainment seeing the largest drop of 30.5%.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 1:06 pm

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