Shares of Duolingo Inc (NASDAQ:DUOL) tanked in early trading on Tuesday, even after the company reported upbeat first-quarter results.
Here are the key analyst insights:
- DA Davidson analyst Wyatt Swanson maintained a Neutral rating and raised the price target from $85 to $90.
- Needham analyst Ryan MacDonald reiterated a Buy rating and price target of $145.
Check out other analyst stock ratings.
DA Davidson: Duolingo reported its quarterly revenues, bookings and EBITDA ahead of consensus estimates, Swanson said in a note. Management raised their 2026 adjusted EBITDA guidance to around 1.6% above the high end of the prior range. Yet, they lowered bookings guidance towards the lower end of the earlier rang.
While DAU (daily active users) growth of 21.2% year-on-year came in above the consensus of 20.6%, growth in MAU (monthly active users) decelerated in the quarter to 5.8% year-on-year from the previous quarter’s 14.1%, …