Bullish indicating open at $55-$60, IPO prices at $37
On June 11, 2025, Duolingo (NASDAQ:DUOL), Inc., a leader in prepackaged software services with a market capitalization of $21.89 billion and impressive revenue growth of 39%, conducted its 2025 Annual Meeting of Stockholders. According to InvestingPro analysis, the company maintains excellent financial health with a "GREAT" overall rating. The meeting saw a high turnout with approximately 97.64% of the company’s voting power present or represented by proxy. The shareholders voted on three key proposals, all of which passed. This strong participation comes as Duolingo’s stock has delivered an exceptional 143% return over the past year, though current analysis suggests the stock may be overvalued.
The first proposal involved the election of three Class I directors to serve on the board until the 2028 annual meeting. Bing Gordon, John Lilly, and Mario Schlosser were the nominees, and they received 143,473,040, 155,590,065, and 156,145,394 votes for their election, respectively, with a comparatively small number of votes withheld and no broker non-votes.
Proposal 2 was the ratification of Deloitte & Touche LLP as Duolingo’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received overwhelming support, with 159,225,252 votes in favor, 24,539 against, and 18,180 abstentions.
The third proposal sought non-binding approval of the compensation of the company’s named executive officers. It garnered 154,319,307 votes for, 1,906,517 against, and 21,528 abstained, with 3,020,619 broker non-votes.
The results indicate strong shareholder support for the company’s board leadership and financial oversight practices. No other matters were presented for action at the Annual Meeting.
This report is based on the information provided in the Form 8-K filed by Duolingo, Inc. with the Securities and Exchange Commission. For deeper insights into Duolingo’s financial metrics, including its impressive 72.25% gross profit margin and robust liquidity position, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Duolingo has seen several significant developments. Analysts from JPMorgan have raised their price target for Duolingo to $580, citing strong growth driven by the company’s effective freemium model and organic user acquisition. DA Davidson also increased Duolingo’s price target to $600, based on an analysis of course enrollments indicating user growth surpassing expectations. Similarly, Scotiabank (TSX:BNS) adjusted its price target to $600, acknowledging Duolingo’s success in growing its daily active user base and increased monetization efforts. These analyst upgrades reflect confidence in Duolingo’s market position and growth potential.
Despite these positive assessments, Duolingo faces potential competition from Apple (NASDAQ:AAPL)’s new Live Translation feature, announced at the Worldwide Developers Conference 2025. This feature will be integrated into Apple’s ecosystem, offering real-time translation capabilities across various applications. Analysts at JPMorgan, while maintaining a $500 price target, emphasize Duolingo’s potential for sustained user growth, supported by a broad target audience and significant market opportunities. Duolingo’s strategic initiatives aim to expand its global penetration and enhance its teaching efficacy, with a focus on underpenetrated regions. These recent developments highlight Duolingo’s ongoing efforts to strengthen its position in the language learning market.
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