Put Contract Overview: The $270.00 put contract has a bid of $19.80, allowing investors to buy DUOL shares at a cost basis of $250.20, which is attractive compared to the current price of $273.81. There is a 58% chance the contract may expire worthless, potentially yielding a 7.33% return on cash commitment.
Call Contract Overview: The $280.00 call contract has a bid of $20.40, offering a potential total return of 9.71% if the stock is called away at expiration. There is a 49% chance this contract may also expire worthless, allowing investors to keep both their shares and the premium, resulting in a 7.45% additional return.
Volatility Insights: The implied volatility for the put contract is 61% and for the call contract is 62%, while the actual trailing twelve-month volatility is calculated at 60%.
YieldBoost Concept: Both the put and call contracts offer significant potential returns, referred to as YieldBoost, with annualized returns of 53.53% for the put and 54.39% for the call if they expire worthless.
DUOL
$186.77+Infinity%1D
Analyst Views on DUOL
Wall Street analysts forecast DUOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DUOL is 282.00 USD with a low forecast of 220.00 USD and a high forecast of 330.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast DUOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DUOL is 282.00 USD with a low forecast of 220.00 USD and a high forecast of 330.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
10 Hold
1 Sell
Moderate Buy
Current: 185.970
Low
220.00
Averages
282.00
High
330.00
Current: 185.970
Low
220.00
Averages
282.00
High
330.00
Jefferies
Hold
maintain
$210 -> $220
2025-12-11
New
Reason
Jefferies
Price Target
$210 -> $220
2025-12-11
New
maintain
Hold
Reason
Jefferies raised the firm's price target on Duolingo to $220 from $210 and keeps a Hold rating on the shares. The firm recommends staying selective across Internet stocks, as incremental investments could limit margin expansion and concerns around AI disintermediation could limit multiple appreciation, the analyst tells investors in the firm's "2026 Internet Playbook" note.
DA Davidson
Neutral
downgrade
$220 -> $205
2025-12-03
Reason
DA Davidson
Price Target
$220 -> $205
2025-12-03
downgrade
Neutral
Reason
DA Davidson lowered the firm's price target on Duolingo to $205 from $220 and keeps a Neutral rating on the shares. The firm's data tracking about 170K existing users indicate that October and November showed sequential improvements relative to Q3 active users, while its tracking of Chess.com users doesn't show any inflection in user growth over the past few months despite Duolingo's move into chess, the analyst tells investors in a research note. DA Davidson still contends that Duolingo's best option is to acquire, or at least partner with Chess.com, to better retain chess users.
DA Davidson
Neutral
maintain
$220
2025-11-11
Reason
DA Davidson
Price Target
$220
2025-11-11
maintain
Neutral
Reason
DA Davidson keeps a Neutral rating and $220 price target on Duolingo while noting that the company should buy Chess.com in order to further establish chess as a core offering on the platform and create a more liquid PvP offering. The company's new Chess offering is now larger than math and music, and the firm estimates that Chess drove an outsized portion of q/q DAU growth, the analyst tells investors in a research note. In Duolingo's current state, it will lose users to Chess.com, but if it were to acquire / partner with Chess.com, thefirm would be "substantially more positive" on the company's longer-term chess opportunity, DA Davidson added.
JPMorgan
Overweight
downgrade
$465 -> $300
2025-11-06
Reason
JPMorgan
Price Target
$465 -> $300
2025-11-06
downgrade
Overweight
Reason
JPMorgan lowered the firm's price target on Duolingo to $300 from $465 and keeps an Overweight rating on the shares. The company's focus on user opportunity is limiting its near-term bookings growth, the analyst tells investors in a research note.
About DUOL
Duolingo, Inc. is a technology company. The Company is engaged in offering a mobile learning platform, as well as a digital English language proficiency assessment exam. It operates a freemium business model, namely, the app and the Website are accessible free of charge, although Duolingo also offers premium services for a subscription fee. Its solutions consist of the Duolingo App, Super Duolingo, Duolingo Max, Duolingo English Test: AI-Driven Language Assessment, Duolingo for Schools, and Duolingo ABC. The Duolingo App offers courses in over 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese and Chinese. Duolingo can also be accessed on desktop computers via a Web browser. Its subscription offering, Super Duolingo, offers learners additional features to enhance their learning experience. The Duolingo English Test is an online, on-demand, high-stakes English proficiency assessment. It also operates an animation and motion design studio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
