Duolingo (DUOL)

• Market cap: $15B
• 1 day: 2.06%
• 5 days: 0.21%
• 1 month: 3.32%
• 3 months: 27.49%
• 6 months: 71.83%
• Year to date: 59.61%
• 1 year: 45.74%
• 5 years: 146.11%
• 10 years: 146.11%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.

Employees: 720

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

56% more funds holding in top 10

Funds holding in top 10: 9 [Q2] → 14 (+5) [Q3]

47% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 55

34% more capital invested

Capital invested by funds: $7.48B [Q2] → $10B (+$2.55B) [Q3]

7% more funds holding

Funds holding: 353 [Q2] → 379 (+26) [Q3]

2% less call options, than puts

Call options by funds: $255M | Put options by funds: $261M

1.01% less ownership

Funds ownership: 96.93% [Q2] → 95.93% (-1.01%) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 135

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $275 20% downside
• Avg. target: $356 4% upside
• High target: $425 24% upside

10 analyst ratings

• positive: 7 70%
• neutral: 3 30%
• negative: 0 0%

Needham Ryan MacDonald 56% 1-year accuracy 38 / 68 met price target	13% upside $385	Buy Maintained	19 Dec 2024
JP Morgan Bryan Smilek 71% 1-year accuracy 5 / 7 met price target	17% upside $400	Overweight Maintained	12 Dec 2024
B of A Securities Curtis Nagle 25% 1-year accuracy 4 / 16 met price target	10% upside $375	Neutral Downgraded	11 Dec 2024
Scotiabank Nat Schindler 36% 1-year accuracy 4 / 11 met price target	24% upside $425	Sector Outperform Initiated	5 Dec 2024
UBS Chris Kuntarich 71% 1-year accuracy 5 / 7 met price target	19% upside $408	Buy Maintained	14 Nov 2024