Is Duolingo (DUOL) Stock Finally Turning a Corner? One Analyst Says Yes
TLDR
- D.A. Davidson upgraded Duolingo from Neutral to Buy with a $160 price target, up from $130
- DUOL stock rose 7% on Tuesday to around $135.16, while the broader market fell
- The analyst sees DAU growth accelerating, with Q3 DAUs forecast up 24% year-over-year
- Duolingo has fallen 60% over the past 12 months and sits 75% below its May 2025 record high
- D.A. Davidson believes the company’s product, marketing, and monetization work is undervalued by the market
Duolingo (DUOL) stock climbed roughly 7% on Tuesday after D.A. Davidson analyst Wyatt Swanson upgraded the stock from Neutral to Buy, setting a new price target of $160.
That target is up from a prior $130 and implies about 23% upside from Monday’s closing price.
The stock traded at $135.16 during Tuesday’s session. That gain came even as the S&P 500 slipped 0.6% and the Nasdaq Composite dropped 1.3% on the same day.
It has been a rough stretch for DUOL. The stock is down 23% in 2026 and has lost 60% over the past 12 months.
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