Duolingo price target lowered to $105 from $250 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Duolingo (DUOL) to $105 from $250 and keeps a Neutral rating on the shares. Duolingo’s Q4 results beat guidance and Street estimates across bookings, revenue, and adjusted EBITDA, while 2026 guidance came in below prior estimates as management shifts focus toward long-term user growth and teaching efficacy over short-term monetization, the analyst tells investors in a research note. AI-driven product innovation, scaling of non-language verticals like Chess, and a $400M share repurchase underscore confidence in the multi-year growth opportunity, positioning Duolingo as a leader in global language learning, the firm says.