JPMorgan Chase & Co. increased its price target for Duolingo (NASDAQ: DUOL) to $125 from $94. The firm maintained its "Neutral" rating on the language-learning application company's shares.
JPMorgan issued the revised target ahead of Duolingo's upcoming second-quarter earnings report. Data indicated accelerating growth in daily active users (DAUs). Daily active users grew 16% year-over-year in June. The firm projects Duolingo's bookings will reaccelerate in the second half of 2026.