DA Davidson reiterates Buy rating on Duolingo stock with $500 target

Published 07/08/2025, 12:12
DA Davidson reiterates Buy rating on Duolingo stock with $500 target

Investing.com - DA Davidson has reiterated its Buy rating on Duolingo Inc. (NASDAQ:DUOL) with a price target of $500.00, according to a research note released Thursday. According to InvestingPro data, the company maintains impressive gross profit margins of 72% and has delivered revenue growth of 39% over the last twelve months.

The price target implies 17 times 2026 EV/Revenue and 54 times 2026 EV/EBITDA multiples for the language learning platform company. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 17 additional key insights available to subscribers.

DA Davidson remains particularly focused on whether Duolingo can begin to drive engagement through its U.S. social media accounts again, which appears to be a key factor in its growth outlook.

The firm noted that its tracking of active users during the quarter did not account for users who kept their accounts but stopped using the app, which led to overestimated growth projections.

DA Davidson estimates that excluding the churn from the second quarter resulting from what it termed "AI-first retaliation," Duolingo would have likely delivered daily active user growth slightly above the high end of the company’s guidance.

In other recent news, Duolingo Inc. reported impressive second-quarter 2025 earnings, significantly surpassing market expectations. The company achieved earnings per share of $0.91, well above the forecasted $0.58, representing a 56.9% surprise. Revenue also exceeded expectations, reaching $252.3 million compared to the anticipated $240.73 million. Wolfe Research maintained its Peerperform rating on Duolingo, highlighting the company’s strong financial performance with bookings that beat forecasts by 9%, aided by foreign exchange benefits and advertising revenue. Raymond (NSE:RYMD) James also reiterated its Market Perform rating, noting Duolingo’s improved outlook for the second half of 2025. Needham expressed optimism by reiterating its Buy rating and a price target of $460.00, citing better-than-expected subscriber additions and Average Revenue Per User (ARPU) expansion as key factors. The company’s adjusted EBITDA surpassed consensus estimates by 29%, demonstrating robust financial health. These developments reflect Duolingo’s strong position in the market, supported by strategic growth in its subscription plans and effective cost management.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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