Duolingo Stock Is Climbing Thursday: What's Driving The Move?

benzinga_article
2026.05.07 18:30
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Duolingo (NASDAQ: DUOL) shares rose 8.55% to $114.00 on Thursday, driven by strong Q1 results that exceeded revenue and EBITDA expectations. The company raised its 2026 adjusted EBITDA guidance but narrowed its revenue outlook. User growth showed mixed results, with DAU growth at 21.2% but MAU growth slowing to 5.8%. Analysts have a Hold rating on the stock, with an average price target of $139.38, though some have lowered their targets. The stock is currently above key short-term moving averages but remains below long-term averages, indicating a cautious outlook.