Fintel reports that on September 28, 2023, UBS initiated coverage of Duolingo Inc - (NASDAQ:DUOL) with a Buy recommendation.
Analyst Price Forecast Suggests 2.42% Upside
As of August 31, 2023, the average one-year price target for Duolingo Inc - is 163.00. The forecasts range from a low of 141.40 to a high of $189.00. The average price target represents an increase of 2.42% from its latest reported closing price of 159.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Duolingo Inc - is 473MM, an increase of 6.95%. The projected annual non-GAAP EPS is -1.53.
What is the Fund Sentiment?
There are 506 funds or institutions reporting positions in Duolingo Inc -. This is an increase of 101 owner(s) or 24.94% in the last quarter. Average portfolio weight of all funds dedicated to DUOL is 0.42%, an increase of 4.50%. Total shares owned by institutions increased in the last three months by 12.79% to 34,692K shares. 
The put/call ratio of DUOL is 1.51, indicating a bearish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 4,275K shares representing 10.29% ownership of the company. In it's prior filing, the firm reported owning 4,468K shares, representing a decrease of 4.50%. The firm decreased its portfolio allocation in DUOL by 9.63% over the last quarter.
Durable Capital Partners holds 4,157K shares representing 10.01% ownership of the company. No change in the last quarter.
VWUSX - Vanguard U.S. Growth Fund Investor Shares holds 1,448K shares representing 3.49% ownership of the company. No change in the last quarter.
Whale Rock Capital Management holds 1,329K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 1,320K shares, representing an increase of 0.65%. The firm decreased its portfolio allocation in DUOL by 21.01% over the last quarter.
Foxhaven Asset Management holds 1,157K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 1,119K shares, representing an increase of 3.34%. The firm decreased its portfolio allocation in DUOL by 5.99% 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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