11 Analysts Revealed A Dark Secret About Duolingo That Will Leave Its Investors Speechless

Throughout the last three months, 11 analysts have evaluated Duolingo (NASDAQ:DUOL), offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analyst Sentiments:

Bullish: 4, Somewhat Bullish: 6, Indifferent: 1, Somewhat Bearish: 0, Bearish: 0, Total Ratings: 11

Recent Ratings (Last 30D): 2, Over the Past 1M Ago: 11, 2M Ago: 12, 3M Ago: 1, 0

Analysts have recently evaluated Duolingo and provided 12-month price targets. The average target is $265.55, accompanied by a high estimate of $310.00 and a low estimate of $183.00. Marking an increase of 1.78%, the current average surpasses the previous average price target of $260.91.

A Deeper Dive into Analyst Ratings:

The standing of Duolingo among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Evaluations:

Analysts have announced recent changes in their views and opinions, making their stances more clear on the potential future growth of Duolingo. Bryan Smilek of JP Morgan firmly believes in Duolingo's growth potential. Although downgrading the price target from $275 to $255, he holds an 'Overweight' rating.  Nat Schindler from B of A Securities raised his 12-month price target to $292 from $240 and emphasizes a 'Buy' rating.

Ryan MacDonald of Needham upholds a positive perspective on Duolingo. The analyst's price target is increased to $245 from $230, along with reiterating the 'Buy' rating. Wyatt Swanson from DA Davidson follows suit with MacDonald, supporting a 'Buy' rating and maintaining a target price of $250.

A Mixed Reaction from Analysts:

There exists a sense of caution despite overall positivity. Mario Lu of Barclays, expressing his doubts on Duolingo, downgraded his target price from $230 to $183, also accompanying an 'Equal-Weight' rating.

Conversely, Andrew Boone of JMP Securities updated the target price to $275 from $260. He maintains a 'Market Outperform' rating, showing his growing confidence in Duolingo.

Unraveling Insights: 

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent changes and trends in the market.