Duolingo falls as Wells Fargo warns of softer engagement, trims PT

Duolingo

08/01/2026 16:36

** Shares of language learning platform Duolingo DUOL.O down 2.38% to $172.11

** Wells Fargo cuts PT on DUOL to $160 from $185, which is still a 9.2% upside to stock's last close

** Brokerage says after several years of torrid growth, we believe public sentiment on the DUOL brand is waning, leading to reduced engagement with its social media content, a key vector for growth

** We see evidence users are pushing back on tactics to increase paid user conversion, brokerage says

** 13 of 24 brokerages rate the stock "buy" or "higher", 10 "hold" and 1 "sell"; their median PT is $292.50

** Including session's move, DUOL down 46.7% in the last 12 months

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com))