BUZZ-Duolingo soars as daily active users surge

Latest Developments

November 4 - ** Language learning platform Duolingo (DUOL.O) shares rose by 26.2% to $161.3

** If the rally is sustained, the stock is on track for its biggest single-day gain since May 2022

** Third quarter daily active users (DAU) increased by 29% year-on-year; CEO Luis von Ahn said this was due to strong global user growth (link)

** The company reported third quarter bookings of $316.1 million, up from $281.9 million a year earlier

** Wells Fargo upgraded DUOL from "Underweight" to "Equal Weight," stating that management has shown that brand partnerships, real-time operations, and product improvements can replace viral marketing and drive daily active user growth; the price target was raised from $80 to $120

** At least nine brokerages, including Wells Fargo, raised their price targets on DUOL after the earnings report

** According to data compiled by London Stock Exchange Group (LSEG), the company is expected to post revenue of $1.22 billion for fiscal 2026, slightly above analyst expectations of $1.21 billion

** Third quarter revenue was $309 million, above the expected $303.2 million

** Among 25 brokerages, 6 rate the stock as “Buy” or higher, 18 as “Hold,” and 1 as “Sell”; the median price target is $135 — LSEG data

** Including today’s move, the stock is down 8.3% year-to-date

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