Wall Street Has a Mixed Opinion on Duolingo, Inc. (DUOL) Ahead of Q3 Earnings

Duolingo, Inc. (NASDAQ:DUOL) is one of the Best Beaten Down Growth Stocks to Buy According to Analysts. The company is set to release its fiscal third quarter results on November 5, 2025. Wall Street has a mixed opinion on the stock before the release.

On October 28, Nat Schindler from Scotiabank reiterated a Buy rating on Duolingo, Inc. (NASDAQ:DUOL) with a $600 price target. However, earlier on October 23, Curtis Nagle from Bank of America Securities lowered the firm’s price target from $450 to $370, while reiterating a Hold rating on the stock.

The analyst noted that they forecast third-quarter revenue for the company to be around $261.5 million, which is slightly above the Street estimates. Whereas the EBITDA estimates by BofA of $72 million are in in-line with the consensus. The analyst highlighted that  Duolingo, Inc. (NASDAQ:DUOL) has demonstrated strong growth and has grown its revenue by nearly 40% over the trailing twelve months.

In addition, the firm anticipates the company to deliver daily active users growth of 35% and monthly active user growth of 18%. For the full year, the bank estimates the company to deliver $1.02 billion in revenue and $295 million in EBITDA.

Duolingo, Inc. (NASDAQ:DUOL) offers a mobile and web-based language learning platform with courses in over 40 languages, operating on a freemium model with premium subscription options.

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Disclosure: None. This article is originally published at Insider Monkey.