Duolingo (DUOL) Gets a Buy Rating from Needham

Needham analyst Ryan MacDonald reiterated a Buy rating on Duolingo (DUOLResearch Report) today and set a price target of $115.00. The company’s shares closed last Thursday at $98.68.

According to, MacDonald is a 5-star analyst with an average return of 14.2% and a 50.3% success rate. MacDonald covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, Zeta Global Holdings Corp, and Momentive Global.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Duolingo with a $113.88 average price target, implying a 14.1% upside from current levels. In a report released today, Evercore ISI also maintained a Buy rating on the stock with a $130.00 price target.

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The company has a one-year high of $205.00 and a one-year low of $60.50. Currently, Duolingo has an average volume of 669.8K.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is neutral on the stock.

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Duolingo Inc is a mobile learning platform to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.

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