Truist initiated coverage of Duolingo (DUOL) with a Buy rating and $245 price target Duolingo has built the leading language-learning platform since its founding in 2011, reaching more than 135M monthly active users with over 11M paying subscribers as of 3Q25, the analyst tells investors in a research note. With the recent releases of Math, Music, and Chess courses, Duolingo has showcased its ability to continue innovating, providing significant new levers to drive user and top-line growth, and extending its app to a full EdTech platform beyond just languages, and AI is a potential significant tailwind for Duolingo, the firm says.
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