KeyBanc Upgrades Duolingo Inc. (DUOL) to Overweight

KeyBanc analyst Justin Patterson upgraded Duolingo Inc. (NASDAQ: DUOL) from Sector Weight to Overweight with a price target of $460.00.

The analyst comments: "We are upgrading shares of Duolingo from SW to OW with a $460 PT (38.3x 2027E EV/EBITDA). In our view, the AI backlash was a bump in the road, and a combination of product (e.g., Energy rollout, September Duocon updates) and viral marketing efforts creates upside risk to estimates over the next 12 months. Further, price optimizations remain an untapped growth lever that could aid growth and profitability. We have layered this into our 2026E/2027E forecast, and are now slightly ahead of Street revenue and EBITDA."

For an analyst ratings summary and ratings history on Duolingo Inc. click here. For more ratings news on Duolingo Inc. click here.

Shares of Duolingo Inc. closed at $326.93 yesterday.

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