Fintel reports that on January 5, 2026, B of A Securities upgraded their outlook for Duolingo (NasdaqGS:DUOL) from Neutral to Buy.
Analyst Price Forecast Suggests 64.26% Upside
As of December 21, 2025, the average one-year price target for Duolingo is $304.01/share. The forecasts range from a low of $181.80 to a high of $598.50. The average price target represents an increase of 64.26% from its latest reported closing price of $185.08 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Duolingo is 768MM, a decrease of 20.32%. The projected annual non-GAAP EPS is -1.63.
What is the Fund Sentiment?
There are 1,071 funds or institutions reporting positions in Duolingo. This is an decrease of 92 owner(s) or 7.91% in the last quarter. Average portfolio weight of all funds dedicated to DUOL is 0.34%, an increase of 0.72%. Total shares owned by institutions increased in the last three months by 1.05% to 46,730K shares. 
The put/call ratio of DUOL is 0.76, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 2,828K shares representing 7.07% ownership of the company. In its prior filing, the firm reported owning 2,199K shares , representing an increase of 22.24%. The firm increased its portfolio allocation in DUOL by 0.12% over the last quarter.
Capital World Investors holds 2,230K shares representing 5.57% ownership of the company. In its prior filing, the firm reported owning 2,293K shares , representing a decrease of 2.80%. The firm decreased its portfolio allocation in DUOL by 28.24% over the last quarter.
Dragoneer Investment Group holds 1,581K shares representing 3.95% ownership of the company. In its prior filing, the firm reported owning 372K shares , representing an increase of 76.44%. The firm increased its portfolio allocation in DUOL by 260.38% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 1,309K shares representing 3.27% ownership of the company. In its prior filing, the firm reported owning 511K shares , representing an increase of 60.95%. The firm increased its portfolio allocation in DUOL by 321.88% over the last quarter.
T. Rowe Price Investment Management holds 1,284K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 825K shares , representing an increase of 35.73%. The firm increased its portfolio allocation in DUOL by 18.24% over the last quarter.
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This story originally appeared on Fintel.
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