Duolingo (DUOL) Stock: Two Upgrades, a $210 Target and 40% Upside on the Table
TLDR
- Evercore ISI upgraded Duolingo to “Outperform” and raised its price target to $210, implying over 40% upside
- DA Davidson raised its price target to $175 from $160, keeping a Buy rating, citing strong DAU data
- Q2 revenue came in at $298.5 million, beating estimates, with daily active users up 23% year over year to 58.7 million
- Third-quarter DAU growth is tracking between 25.6% and 27.6% year over year based on DA Davidson’s in-house data
- Duolingo announced a $400 million share repurchase programme alongside its Q2 results
Duolingo (DUOL) stock climbed 3.8% in pre-market trading on Tuesday after Evercore ISI upgraded the stock and lifted its price target to $210.
Evercore analyst Mark Mahaney moved the stock to “Outperform” from “In Line.” The new target is based on 20 times estimated 2028 EBITDA and implies more than 40% upside from recent levels.
The firm also raised its EPS estimates, now sitting 10% above Wall Street consensus for 2027 and 25% above for 2028.
Duolingo traded at $148.36 before the pre-market move, with the after-hours price reflecting at $158.55.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
