Duolingo, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Bryan Smilek from J.P. Morgan maintained a Buy rating on the stock and has a $515.00 price target.
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Bryan Smilek has given his Buy rating due to a combination of factors that highlight Duolingo’s potential for growth and innovation. Despite recent underperformance in the market, Smilek sees promising developments on the horizon, particularly with the upcoming Duocon 2025, where updates on video call features, the energy system, and new learning verticals are expected. These enhancements are anticipated to drive user engagement and subscriber growth, especially as Duolingo continues to integrate advanced AI technologies to improve its educational offerings.
Furthermore, Smilek notes Duolingo’s strong market position as a leading mobile-first learning platform with a robust freemium model that effectively converts users to subscribers. The company’s focus on gamification and product optimization is expected to sustain its user growth and deepen monetization. With projections of significant increases in bookings, EBITDA, and earnings per share, Smilek believes Duolingo is well-positioned to achieve its long-term financial targets, justifying the Buy rating and a price target that reflects its growth potential compared to industry peers.
According to TipRanks, Smilek is an analyst with an average return of -21.0% and a 20.00% success rate.
In another report released on August 20, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $376.00 price target.