Duolingo Inc. (DUOL) PT Lowered to $500 at DA Davidson

DA Davidson analyst Wyatt Swanson lowered the price target on Duolingo Inc. (NASDAQ: DUOL) to $500.00 while maintaining a Buy rating.

The analyst commented, "We are updating our proprietary analysis of tracking Duolingo course enrollments. The data acts as a proxy for user growth from February ’24 through June ’25, and we gauge performance relative to cons. and guidance. According to our data, DUOL’s current 2Q DAU growth is ahead of cons. of +44.0% Y/Y and is above the high-end of “40-45% growth” guidance which mgmt. gave during 1Q earnings. We also pulled together various sources to get a better idea of brand sentiment during 2Q amid the "AI-first" backlash to see how sustained the impact has been."

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