Duolingo gains after D.A. Davidson upgrades rating, hikes price target

Duolingo

18/08/2026 12:18

** Language-learning platform Duolingo's DUOL.O shares gain 3% to $134.13 in premarket trading 
** D.A. Davidson upgrades rating to "buy" from "neutral," raises PT to $160, which represents a 22.9% upside to stock's last close 
** Says DUOL's product enhancements, marketing changes and continued monetization improvements are "underappreciated by investors"
** Also sees "long runway for growth in coming years"
** Four of 25 brokerages rate stock "buy" or higher, 19 "hold" and two "sell"; their median PT is $122.50 - LSEG-compiled data
** Up to last day's close, stock is down 25.8% YTD

(Reporting by Sudeshna Ghoshal in Bengaluru)
((Sudeshna.Ghoshal@thomsonreuters.com;))