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Duolingo (DUOL) stock forecast for 2024
Updated: April 23, 2024 (15:10)
Sector: TechnologyThe share price of Duolingo, Inc. (DUOL) now
50/200 Day Moving Average: $209.74 / $184.47
This figure corresponds to the Average Price over the previous 50/200 days. For Duolingo stocks, the 50-day moving average is the resistance level today.
For Duolingo stocks, the 200-day moving average is the resistance level today.
Are you interested in Duolingo, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Duolingo stock price in 2024. How much will one Duolingo share be worth in 2024? Is it worth taking profit / loss on DUOL stock now or waiting? What are analysts' forecasts for Duolingo stock?
We forecast Duolingo stock performance using neural networks based on historical data on DUOL stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Duolingo, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Duolingo analysts is $249.56. Today 200 Day Moving Average is the support level (184.47 $). 50 Day Moving Average is the support level (209.74 $).
Historical and forecast chart of Duolingo, Inc. stock
The chart below shows the historical price of Duolingo stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the DUOL stock price can be found in the table below.
Duolingo is the world’s leading mobile learning platform. With over 500 million downloads, the flagship Duolingo app has organically become the world’s most popular language learning tool and the highest grossing education app on both Google Play and the Apple App Store.
For many, Duolingo has become synonymous with language learning: for example, on Google, people search for the term “Duolingo” nine times more often than “learn Spanish”. The company is particularly proud of the fact that its students represent the entire socio-economic spectrum, from billionaires and celebrities to recently displaced refugees, which is a rare case when improving living standards does not mean better access to a high-quality educational platform.
Duolingo (DUOL) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 240.72 | 220.79 | 273.65 | 19.32 % |
| Jun | 239.86 | 215.68 | 271.37 | 20.52 % |
| Jul | 250.22 | 219.59 | 278.14 | 21.05 % |
| Aug | 240.31 | 211.33 | 257.18 | 17.83 % |
| Sep | 236.42 | 220.67 | 269.61 | 18.15 % |
| Oct | 264.50 | 229.27 | 290.69 | 21.13 % |
| Nov | 281.17 | 247.76 | 297.87 | 16.82 % |
| Dec | 295.34 | 254.40 | 311.82 | 18.41 % |
Duolingo information and performance
5900 PENN AVE, SECOND FLOOR, PITTSBURGH, PA, US
Market capitalization of the Duolingo, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of DUOL shares in the company outstanding by the market price of one share.
EBITDA of Duolingo is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Duolingo price target for 2024 by month
Target values for the price of one Duolingo share for May 2024.
In May, the Positive dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 19.317% volatility is expected.
Pessimistic target level: 220.79
Optimistic target level: 273.65
Target values for the price of one Duolingo share for Jun 2024.
In Jun, the Negative dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 20.523% volatility is expected.
Pessimistic target level: 215.68
Optimistic target level: 271.37
Target values for the price of one Duolingo share for Jul 2024.
In Jul, the Positive dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 21.051% volatility is expected.
Pessimistic target level: 219.59
Optimistic target level: 278.14
Target values for the price of one Duolingo share for Aug 2024.
In Aug, the Negative dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 17.828% volatility is expected.
Pessimistic target level: 211.33
Optimistic target level: 257.18
Target values for the price of one Duolingo share for Sep 2024.
In Sep, the Negative dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 18.151% volatility is expected.
Pessimistic target level: 220.67
Optimistic target level: 269.61
Target values for the price of one Duolingo share for Oct 2024.
In Oct, the Positive dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 21.128% volatility is expected.
Pessimistic target level: 229.27
Optimistic target level: 290.69
Target values for the price of one Duolingo share for Nov 2024.
In Nov, the Positive dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 16.821% volatility is expected.
Pessimistic target level: 247.76
Optimistic target level: 297.87
Target values for the price of one Duolingo share for Dec 2024.
In Dec, the Positive dynamics for Duolingo, Inc. shares will prevail with possible monthly volatility of 18.412% volatility is expected.
Pessimistic target level: 254.40
Optimistic target level: 311.82
