Wall Street analyst estimates for Duolingo, Inc. (DUOL): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Duolingo, Inc. builds and operates an online platform and a mobile application dedicated to language learning, catering to audiences in both the United States and China. The company's comprehensive curriculum spans 40 diverse languages, featuring prominent options such as Spanish, English, French, Japanese, German, Italian, Chinese, and Portuguese, among others. Furthermore, it offers a digital examination for assessing language proficiency.
Consensus price target
$141.67 (+5 % vs price $135.27)
between $80.00 and $210.00 · 12 targets published in the last quarter
Closing price, Nov 2
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $1.2B | $1.2B – $1.3B | $2.75 | 10 |
| 2027E | $1.4B | $1.4B – $1.4B | $3.38 | 10 |
| 2028E | $1.6B | $1.5B – $1.8B | $4.24 | 12 |
Figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 9 |
| Hold | 13 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 24 |
| Avg rating (−2 sell to +2 buy) | 0.29 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-03 | $0.57 | ||
| 2026-08-05 | $0.66 | $0.60 | +9.3% |
| 2026-05-04 | $0.89 | $0.79 | +12.7% |
| 2026-02-26 | $0.94 | $0.79 | +19.0% |
| 2025-11-05 | $5.95 | $0.76 | +683.9% |
| 2025-08-06 | $0.91 | $0.55 | +65.5% |
| 2025-05-01 | $0.72 | $0.52 | +39.8% |
| 2025-02-27 | $0.31 | $0.48 | -35.7% |
Valuation Ratios
| P/E Ratio | 16.22 |
| Price / Book | 4.36 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $70.8M | $161.7M | $250.8M | $369.5M | $531.1M | $748.0M | $1.04B |
| Cost of Revenue | $21.4M | $46.5M | $69.9M | $103.4M | $147.2M | $209.2M | $293.9M |
| Gross Profit | $49.4M | $115.2M | $180.9M | $266.1M | $383.9M | $538.8M | $743.7M |
| Research & Development | $31.6M | $53.0M | $103.8M | $148.9M | $192.7M | $232.9M | $303.0M |
| Selling, General & Admin | $30.7M | $77.9M | $133.2M | $181.7M | $204.1M | $242.3M | $299.5M |
| Operating Expenses | $62.3M | $130.9M | $237.0M | $330.6M | $396.9M | $475.3M | $602.5M |
| Operating Income | -$12.9M | -$15.7M | -$56.1M | -$64.6M | -$12.9M | $63.6M | $141.2M |
| EBITDA | -$11.6M | -$13.5M | -$57.2M | -$53.8M | $24.9M | $113.2M | $196.8M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Income | -$13.6M | -$15.7M | -$60.0M | -$58.6M | $17.8M | $102.3M | $182.4M |
| Income Tax | 0 | $68,000 | $177,000 | $938,000 | $1.7M | $13.7M | -$231.7M |
| Net Income | -$13.6M | -$15.8M | -$60.1M | -$59.6M | $16.1M | $88.6M | $414.1M |
| EPS | -$0.38 | -$0.44 | -$1.57 | -$1.51 | $0.35 | $2.04 | $9.05 |
| EPS (Diluted) | -$0.38 | -$0.44 | -$1.57 | -$1.51 | $0.35 | $1.88 | $8.57 |
| Shares Outstanding (Diluted) | 35.9 M | 35.9 M | 38.3 M | 39.5 M | 46.5 M | 47.1 M | 48.3 M |
Price
| Price | $135.27 (closing price, November 2, 2026) |
| Market Cap | $6.3B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Technology · Software - Application
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