Needham reiterated coverage on Duolingo with a new price target
$DUOL
Computer Software: Prepackaged Software
Technology
Needham reiterated coverage of Duolingo with a rating of Buy and set a new price target of $310.00 from $245.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 9/25/2024 | $245.00 → $310.00 | Buy | Needham |
| 7/26/2024 | $245.00 | Neutral → Buy | BofA Securities |
| 7/16/2024 | Peer Perform | Wolfe Research | |
| 5/28/2024 | $260.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 3/11/2024 | $270.00 | Overweight | JP Morgan |
| 2/27/2024 | $222.00 | Buy | Seaport Research Partners |
| 1/19/2024 | $160.00 | Neutral → Sell | Goldman |
JMP Securities downgraded Duolingo from Mkt Outperform to Mkt Perform
Needham reiterated coverage of Duolingo with a rating of Buy and set a new price target of $310.00 from $245.00 previously
BofA Securities upgraded Duolingo from Neutral to Buy and set a new price target of $245.00
Wolfe Research analyst Shweta Khajuria initiates coverage on Duolingo (NASDAQ:DUOL) with a Peer Perform rating.
JMP Securities analyst Andrew Boone reiterates Duolingo (NASDAQ:DUOL) with a Market Outperform and maintains $260 price target.
Duolingo's (NYSE:DUOL) short percent of float has risen 4.2% since its last report. The company recently reported that it has 2.82 million shares sold short, which is 7.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.9 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
PITTSBURGH, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ:DUOL), the world's leading mobile learning platform, will announce its results for the third quarter ending September 30, 2024, following the close of the U.S. market on Wednesday, November 6, 2024. The Company will host a video webcast at 5:30 p.m. ET on that day. The live video webcast will be accessible to the public through Duolingo's Investor Relations website at https://investors.duolingo.com. A replay of the event will be available two hours after the live event and archived for one year. About DuolingoDuolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's m
PITTSBURGH, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Duolingo (NASDAQ:DUOL), the world's leading mobile learning platform, today announces significant product innovations at its annual conference, Duocon 2024. These new features—Video Call and Adventures—demonstrate Duolingo's commitment to leveraging cutting-edge AI to enhance the learning experience for millions of users worldwide. The company also emphasizes its investment in music education by announcing its partnership with Loog, leading musical instruments brand for beginners, and hosts a wide-ranging conversation with Grammy winner Jon Batiste. "Our mission is to develop the best education in the world and make it universally availab
PITTSBURGH, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Duolingo, the world's leading mobile learning platform, today announced a partnership with Sony Music that brings popular songs to its Music course. This new feature is designed to make learning music more fun and engaging by incorporating well-known songs into the curriculum. More than 60 recordings from Sony Music artists, like Dove Cameron, Hozier, Meghan Trainor, Whitney Houston, and more, are now available so learners can study the foundations of music and practice their music theory skills, such as reading music, understanding note lengths, and differentiating notes by sound, sight, and key on a digital mobile piano. "At Duolingo, we're
NEW YORK, April 17, 2024 /PRNewswire/ -- Duolingo Inc. (NASD:DUOL) will replace Cable One Inc. (NYSE:CABO) in the S&P MidCap 400, and Cable One will replace MDC Holdings Inc. (NYSE:MDC) in the S&P SmallCap 600 effective prior to the opening of trading Monday, April 22. Sekisui House Ltd. is acquiring MDC Holdings in a transaction expected to be completed on April 19, pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 22, 2024 S&P MidCap 400 Addition Duolingo DUOL Consumer Discretionary S&P MidCap 400 Deletion Cable One CABO Commu
PITTSBURGH, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Duolingo (NASDAQ:DUOL), makers of the world's leading mobile language learning platform, recently appointed Dr. Kendra Ross to a newly created role as Head of Social Impact. This role will be located in the company's Pittsburgh headquarters, and is Duolingo's first full-time position dedicated to social impact. The initial goal of the social impact function at Duolingo is to channel the company's people and resources towards making a positive impact in the local community. "Pittsburgh has been a key part of Duolingo's success, and we want that to translate back into success for our local community," said Luis von Ahn, co-founder and CEO of Duo
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PITTSBURGH, July 09, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ:DUOL), the world's leading mobile learning platform, announced today that it has completed the acquisition of Hobbes, an animation and motion design studio based in Detroit. This is Duolingo's second acquisition, following the successful 2022 acquisition of Gunner, another Detroit-based design and animation studio that is affiliated with Hobbes. Duolingo uses animation and motion design to amplify game mechanics and make its products more fun and engaging. This acquisition marks the inception of a dedicated motion design team within Duolingo's Design department. "Design is a critical part of Duolingo's success, particula
PITTSBURGH, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ:DUOL), the world's leading mobile learning platform, announced today that it has completed the acquisition of Gunner, a design and animation studio based in Detroit. Duolingo uses animation in its learning apps to drive engagement, keep learners motivated, and build its globally recognized brand. "We know that the hardest thing about learning a language, or any new subject, is staying motivated and that's why we make Duolingo fun," said Luis von Ahn, Co-founder and CEO of Duolingo. "Art and animation are foundational to the Duolingo brand, and we use them to help make Duolingo a beloved daily habit in millions of learner
PITTSBURGH, May 12, 2022 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ:DUOL), the world's leading mobile learning platform, announced results for the first quarter ended March 31, 2022 in a shareholder letter that is posted at https://investors.duolingo.com. "All elements of our business performed well this quarter and we saw accelerating user growth, record quarterly bookings, and strong margins," said Luis von Ahn, Co-Founder and CEO of Duolingo. "We believe these results come from the investments we've made in R&D to drive innovation and continuously make our products more effective, more fun, more engaging, and more social. Thanks to our strong results this quarter, we are increasing our