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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 TipRanks.com, 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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