Goldman Sachs analyst Eric Sheridan lowered the Duolingo price target to $100. The firm previously set a target of $105. It maintained a Neutral rating on the stock.
Recent channel checks highlight investor anxiety regarding forward bookings and near-term margins ahead of earnings. The stock remains under pressure following a Q4 2025 strategic pivot toward long-term user growth. Management is currently prioritizing user expansion over immediate monetization.
Investors cite slowing user growth trends observed since mid-2025. Additional concerns include the scaling of non-language verticals and the potential long-term impact of generative AI on demand.