Fintel reports that on June 13, 2024, DA Davidson initiated coverage of Duolingo (NasdaqGS:DUOL) with a Buy recommendation.
Analyst Price Forecast Suggests 29.46% Upside
As of June 12, 2024, the average one-year price target for Duolingo is 256.25. The forecasts range from a low of 199.98 to a high of $284.55. The average price target represents an increase of 29.46% from its latest reported closing price of 197.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Duolingo is 595MM, an increase of 2.14%. The projected annual non-GAAP EPS is -1.28.
What is the Fund Sentiment?
There are 693 funds or institutions reporting positions in Duolingo. This is an increase of 28 owner(s) or 4.21% in the last quarter. Average portfolio weight of all funds dedicated to DUOL is 0.41%, an increase of 12.91%. Total shares owned by institutions increased in the last three months by 3.43% to 36,392K shares. 
The put/call ratio of DUOL is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 3,537K shares representing 8.20% ownership of the company. In its prior filing, the firm reported owning 3,593K shares , representing a decrease of 1.58%. The firm decreased its portfolio allocation in DUOL by 64.39% over the last quarter.
Durable Capital Partners holds 3,105K shares representing 7.20% ownership of the company. In its prior filing, the firm reported owning 3,195K shares , representing a decrease of 2.91%. The firm decreased its portfolio allocation in DUOL by 7.25% over the last quarter.
Whale Rock Capital Management holds 1,275K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 1,030K shares , representing an increase of 19.26%. The firm increased its portfolio allocation in DUOL by 0.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,074K shares representing 2.49% ownership of the company. In its prior filing, the firm reported owning 1,071K shares , representing an increase of 0.25%. The firm decreased its portfolio allocation in DUOL by 11.13% over the last quarter.
VWUSX - Vanguard U.S. Growth Fund Investor Shares holds 998K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 1,339K shares , representing a decrease of 34.27%. The firm decreased its portfolio allocation in DUOL by 26.27% over the last quarter.
Duolingo Background Information
(This description is provided by the company.)
Duolingo is an American educational technology company which produces apps for language-learning and provides language certification. On its main app, users can practice vocabulary, grammar, pronunciation and listening skills using spaced repetition.
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