Needham reiterates Buy rating on Duolingo stock after strong Q2 results

Published 07/08/2025, 10:52
Needham reiterates Buy rating on Duolingo stock after strong Q2 results

Investing.com - Needham has reiterated its Buy rating and $460.00 price target on Duolingo Inc. (NASDAQ:DUOL), currently trading at $343.61, following what it described as a "strong 2Q beat." According to InvestingPro data, the company maintains impressive gross profit margins of 72% and has achieved revenue growth of 39% over the last twelve months.

The language-learning platform’s shares are rebounding after a sharp sell-off over the past month, driven by better-than-expected subscriber additions and ARPU (Average Revenue Per User) expansion, according to the research firm. These factors, combined with greater leverage across the profit and loss statement, resulted in a 29% adjusted EBITDA beat versus consensus estimates. InvestingPro analysis indicates the company maintains a strong financial health score, with more cash than debt on its balance sheet.

Needham noted that slowing DAU (Daily Active User) growth was a concern heading into the earnings report. Management indicated that the CEO’s comments about becoming an "AI-first company" received backlash in the US, which impacted user engagement in the second quarter.

In response to the negative reaction, Duolingo has temporarily reduced its social media activity to restore positive sentiment. The company does not expect a prolonged negative impact from this situation, according to the research note.

Needham remains confident in Duolingo’s growth trajectory, citing the growing success of the company’s Max and Chess offerings, along with new monetization initiatives such as its Energy feature. For deeper insights into Duolingo’s valuation and growth prospects, InvestingPro subscribers can access the comprehensive Pro Research Report, which includes detailed analysis of the company’s financial health and growth potential among 1,400+ top stocks.

In other recent news, Duolingo Inc. reported impressive Q2 2025 earnings, significantly surpassing market expectations. The company achieved earnings per share of $0.91, far exceeding the projected $0.58, which represents a 56.9% surprise. Revenue figures were also strong, reaching $252.3 million compared to the anticipated $240.73 million. These results highlight Duolingo’s robust financial performance in the latest quarter. The earnings report has drawn attention from analysts and investors alike. While specific analyst upgrades or downgrades were not mentioned, the company’s ability to exceed earnings and revenue forecasts may influence future analyst assessments. These developments are part of Duolingo’s ongoing financial journey.

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