Evercore Upgrades Duolingo Stock to Outperform, Doubles Price Target
Evercore upgraded Duolingo to an Outperform rating and doubled its price target to $210 as AI-related fears fade. The note cites Duolingo user growth, with DAU up 23% to 58.7M and MAU at 140.6M, plus 12.7M paid subscribers. It also expects 2027 and 2028 EPS to be 10% and 25% above consensus, respectively.