NASDAQ: DUOL

Duolingo (DUOL) Stock Analysis & Forecast

Sep 28 close

$134.30−9.21 (−6.4%)

Gekko Brief

AI summary

Duolingo shares fell 6.4% this week amid continued declines, with commentary focused on valuation and competitive positioning. Several pieces argue the stock is inexpensive relative to fundamentals, citing an AI-driven moat, personalization infrastructure, and expansion potential beyond language learning, alongside roughly 29% year-over-year revenue growth and a TTM GAAP PE near 18. Other coverage flagged ongoing user growth features, including AI speaking access and extended free trials tied to the "Green Machine" retention push. CEO Luis von Ahn's option exercise and same-day sale of 46,682 shares, totaling approximately $7.03 million, was also reported.

The stock closed at $134.30, down 6.4%, sitting between its 50-day average of $140.92 and 200-day average of $128.40, indicating a mixed trend. The GekkoIndex reads 63.3, placing it in the Accumulation zone. Price stands 40.2% below Gekko Fair Value of $224.57.

Over the next 20 trading days, the next earnings report is scheduled for 4 November 2026, after close, falling outside this window. The last report on 5 August showed EPS of $0.66 against a $0.61 estimate, with a -11% reaction, and the company has beaten estimates in 7 of 8 recent quarters. Smart money data shows 2 unusual options signals over the last 30 days, with put premium of $357,870 against call premium of $304,564. Seasonality over 5 years shows a mean 20-day return of -4.9% from this point, positive in 2 of those years.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Duolingo price vs fair value

$224.57$134.30Sep ’25Mar ’26Sep ’26
Close $134.30200-day averageGekko Fair Value $224.57

Duolingo quick facts

Market cap
$6.26B
P/E ratio
16.9
Forward P/E
19
EPS, TTM
$8.47
Revenue, TTM
$1.15B
Profit margin
35.9%
Dividend yield
—
Beta
0.89
Volume
1.62M avg 1.21M
1-year return
−57.2%
Typical daily move
±5.5%
Typical 20-day move
±11.4%
50-day average
$140.92
200-day average
$128.40
Next earnings
Nov 4 after close
Shares outstanding
40.24M
52-week range
$87.89$353.00

Duolingo swing-trade checklist

Duolingo scores 3 supportive, 1 mixed and 2 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed2 headwinds

  • Trendmixed

    Averages disagree

    Close $134.30 sits between the 50-day ($140.92) and 200-day ($128.40) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    63.3, Accumulation

    Reading 63.3 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    40.2% below

    Price is 40.2% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 2 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 36 days

    Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −4.9% on average

    From this point in the calendar, the next 20 trading days averaged −4.9% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Duolingo stock chart and price history

Duolingo closed at $134.30 on Sep 28, 2026, −57.2% over the past year, inside a 52-week range of $87.89 to $353.00.

Close50-day average200-day averageVolume
Duolingo share price, past year, with 50-day and 200-day moving averages and volume$100$200$300NovDecJan 2026FebMarAprMayJunJulAugSep134.30

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−6.0%
3 months
+15.7%
6 months
+40.8%
1 year
−57.2%
The full DUOL chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open DUOL in Gekko

Follow Duolingo through every session

Put DUOL on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Duolingo

Duolingo builds a mobile app and online platform that people use to learn languages, serving users in the United States and China. Its course library covers 40 languages, including widely studied ones such as Spanish, English, French, Japanese, German, Italian, Chinese and Portuguese. Alongside its lessons, the company is also known for offering a digital test that measures how proficient a learner has become.

Beyond the core learning app, Duolingo provides a separate proficiency exam, giving it two related but distinct offerings under one platform: everyday language instruction and formal assessment. Its user base spans both the American and Chinese markets, reflecting demand for language education in more than one region.

The company was founded in 2011 and is headquartered in Pittsburgh, Pennsylvania. Its shares are listed on the NASDAQ under the ticker DUOL.

Listed
NASDAQ
Sector
Technology services
Industry
Packaged software
Website
duolingo.com

Duolingo GekkoIndex: the smart money zone

Duolingo’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.3, in the Accumulation zone, up 7.2 points over five sessions.

010063.3Accumulation

Up 7.2 points over five sessions, from the Neutral zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying96−3.5%−4.3%−5.0%−4.9%
Accumulation (current zone)196+0.2%0.0%+1.2%+1.1%
Neutral334+0.9%+1.9%+3.5%+5.0%
Distribution39+2.0%+0.8%−4.7%+2.5%
Selling7Too few readings yet

Average DUOL share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the DUOL price, zone by zone.Track DUOL in Gekko

Is Duolingo stock overvalued? Gekko Fair Value

Duolingo trades 40.2% below Gekko Fair Value of $224.57, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Duolingo shares are worth, recalculated every trading day.

$224.57

Gekko Fair Value, Sep 29, 2026

40.2% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open DUOL in Gekko

Duolingo insider and Congress trading

No open-market insider purchases were filed for Duolingo, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for DUOL in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every DUOL insider filing, plotted on the chart in Gekko.Open DUOL in Gekko

Congress trades last 90 days

No trades in DUOL were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for DUOL, plotted on the chart in Gekko.Open DUOL in Gekko

Buybacks

Duolingo has been buying back its own shares.

Latest authorization
$400.0M, Feb 26, 2026
Bought back, quarter ended Jun 30, 2026
$45.27M
As a share of market cap
0.72%

From company filings.

Unusual options activity last 30 days

2signals, 46% of the flagged premium in calls.

Latest: Bullish flow on Sep 5, $261K in unusual premium.

Hedge funds and billionaires quarter ended Mar 31

1of the funds Gekko tracks holds DUOL.

0added0opened1trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Duolingo earnings: next date and track record

Duolingo reports on Nov 4, 2026, after the close (36 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±14.5%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

+4.2%Nov ’24−19.3%Feb ’25+24.9%May ’25+14.8%Aug ’25−26.1%Nov ’25−9.5%Feb ’26−6.5%May ’26−11.0%Aug ’26

Last earnings call, Aug 5, 2026 AI summary

What they said
Duolingo reported a strong Q2 with DAU growth of 23% year-over-year, accelerating from Q1. A Streak Revival campaign reengaged 15 million learners with better-than-typical retention. Topline results met expectations while profitability came in slightly ahead of plan. The company ended the quarter with $1.3 billion in cash, generated $79 million free cash flow, and repurchased $44 million in stock.
Guidance
Full year bookings growth target 10-12%, revenue growth 15-18%, with point estimates of ~11% and ~16% respectively. Adjusted EBITDA raised to ~$320 million (~25.5% margin). Q3 guidance: $302 million revenue (+11%), $307 million bookings (+9%), 71% gross margin. Long-term target of 100 million DAUs by 2028.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026$0.66
est $0.61
+8.2%$298.5M
est $295.6M
+1.0%−11.0%
May 4, 2026$0.89
est $0.79
+12.7%$292.0M
est $288.6M
+1.2%−6.5%
Feb 26, 2026$0.94
est $0.79
+19.0%$282.9M
est $275.9M
+2.5%−9.5%
Nov 5, 2025$0.95
est $0.76
+25.2%$271.7M
est $260.3M
+4.4%−26.1%
Aug 6, 2025$0.91
est $0.55
+65.5%$252.3M
est $257.2M
−1.9%+14.8%
May 1, 2025$0.72
est $0.52
+39.8%$230.7M
est $223.2M
+3.4%+24.9%
Feb 27, 2025$0.31
est $0.48
−35.7%$209.6M
est $205.5M
+2.0%−19.3%
Nov 6, 2024$0.49
est $0.35
+40.0%$192.6M
est $189.2M
+1.8%+4.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Duolingo stock forecast and analyst price targets

Analysts’ average 12-month price target for Duolingo is $134.29, 0.0% from the last close, from 16 firms rating the stock in the last 90 days.

$134.29consensus 12-month target, 0.0% from the last close
Low $80High $210
Buy5
Hold9
Sell2

Each firm’s latest rating in the last 90 days: 16 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 16Truist FinancialHold, maintained——
Sep 14D.A. DavidsonBuy, reiterated$175+30.3%
Sep 1J.P. MorganHold, maintained$135+0.5%
Sep 1D.A. DavidsonBuy, reiterated$175+30.3%
Aug 31Evercore ISIBuy, upgraded$210+56.4%
+1.2%average 20-day move after past Accumulation readings
−4.9%average move over the next 20 trading days in the last 5 years
±5.5%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Duolingo seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Duolingo averaged −4.9% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+3.8%2021−13.1%2022−13.4%2023+2.9%2024−6.7%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.6%2 of 5
Next 10 trading days+1.0%3 of 5
Next 15 trading days−4.5%1 of 5
Next 20 trading days−4.9%2 of 5
Next 30 trading days−3.8%2 of 5

For scale, DUOL’s typical 20-trading-day move in either direction is about 11.4%.

Duolingo market cap and key statistics

Duolingo’s market cap is $6.26B, with a P/E ratio of 16.9 and revenue of $1.15B over the last twelve months.

Valuation

Market cap
$6.26B
P/E ratio
16.9
Forward P/E
19
EPS, TTM
$8.47
Gekko Fair Value
$224.57

Trading

Volume
1.62M
Avg volume, 20 days
1.21M
52-week high
$353.00
52-week low
$87.89
Shares outstanding
40.24M

Financials

Revenue, TTM
$1.15B
Profit margin
35.9%
Return on equity
34.4%
Quarterly earnings growth, YoY
−27.5%

Risk and income

Beta
0.89
Typical daily move
±5.5%
Typical 20-day move
±11.4%

Duolingo peers

Duolingo’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
MSFTMicrosoft+0.7%Neutral17.3% above
PLTRPalantir Technologies+0.7%Neutral15.7% above
ORCLOracle−0.1%Accumulation25.9% below
PANWPalo Alto Networks+5.8%Neutral16.1% above
CRWDCrowdStrike+4.2%Neutral27.2% above
CRMSalesforce+1.0%Neutral5.9% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Duolingo stock FAQ

What is Duolingo’s market cap?

Duolingo’s market cap is $6.26B at the Sep 28, 2026 close of $134.30, with 40.24M shares outstanding. The shares trade on a P/E ratio of 16.9.

What is the Duolingo stock forecast?

The consensus analyst 12-month price target for Duolingo is $134.29, 0.0% from the last close. Of the 16 firms that rated the stock in the last 90 days, 5 rate it a buy, 9 a hold and 2 a sell. Gekko doesn’t publish price predictions of its own.

Is Duolingo stock overvalued or undervalued?

On Gekko’s estimate Duolingo is undervalued: the Sep 28, 2026 close of $134.30 is 40.2% below Gekko Fair Value of $224.57. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Duolingo report earnings next?

Duolingo is expected to report on Nov 4, 2026, after the market closes (36 days away). Analysts expect earnings of $0.55 per share on revenue of $302.8M. Duolingo beat the earnings estimate in 7 of its last 8 reports, moving 14.5% on average across the report.

What is Duolingo’s 52-week high and low?

Duolingo’s 52-week high is $353.00 and its 52-week low is $87.89; it closed at $134.30 on Sep 28, 2026, −57.2% over the past year. Over the last five years the shares peaked at $544.93 on May 14, 2025.

Is Duolingo stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (gekkoindex, fair value and earnings risk), 1 as mixed (trend) and 2 as headwinds (smart money and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Duolingo?

Gekko flagged 2 unusual options signals in Duolingo over the last 30 days, with $305K of flagged premium in calls and $358K in puts. The latest, bullish flow, was on Sep 5, 2026 with $261K in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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