Duolingo stock holds steady as Raymond James reiterates Market Perform

Published 07/08/2025, 10:58
Duolingo stock holds steady as Raymond James reiterates Market Perform

Investing.com - Raymond (NSE:RYMD) James maintained its Market Perform rating on Duolingo Inc. (NASDAQ:DUOL), currently valued at $15.62 billion, following the language learning platform’s strong second-quarter 2025 results. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.

The education technology company reported bookings that exceeded expectations by 9%, benefiting from a 2-point foreign exchange tailwind, and provided an improved outlook for the second half of 2025.

Duolingo demonstrated continued success with its growth initiatives, including a 36% year-over-year increase in paid subscribers and an implied average revenue per user growth of 6% year-over-year. The company’s new Chess feature has already reached over 1 million daily active users.

The firm highlighted Duolingo’s profitable growth trajectory, noting a 41% incremental EBITDA margin. While Raymond James maintains a cautious stance on near-term user growth, it identified potential upside from monetization efforts and margin improvements.

Raymond James indicated it would await a better entry point for the stock, which rose more than 15% in after-hours trading following the earnings announcement, reaching approximately 15 times estimated 2026 sales and 38 times estimated 2026 free cash flow.

In other recent news, Duolingo Inc. reported its Q2 2025 earnings, significantly outperforming market expectations. The company achieved earnings per share of $0.91, exceeding the forecasted $0.58, which represents a 56.9% surprise. Revenue also surpassed projections, reaching $252.3 million compared to the anticipated $240.73 million. This strong performance was highlighted by Needham, which reiterated its Buy rating and set a price target of $460.00 on Duolingo, citing a "strong 2Q beat." Needham pointed out that better-than-expected subscriber additions and an increase in average revenue per user contributed to a 29% adjusted EBITDA beat versus consensus estimates. These developments have led to a rebound in Duolingo’s shares after a previous sharp sell-off. The company’s financial results and the subsequent analyst support reflect positive momentum in its operations.

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