NASDAQ:GSHD 19 May 2026

July 10, 2026, 3:55 AM EDT. Shares of Duolingo (NASDAQ: DUOL) have fallen about 65.8% over the past year and are deep in correction territory. The P/E comes in at 14.3x, below the Consumer Services group at 16.9x, but higher than a custom fair P/E of 7.9x that adjusts for growth and risk. Investors are focused on lagging daily active user growth and trouble turning engagement into revenue. There's uncertainty over whether the stock price factors in these issues or if there's too much hope for Duolingo's growth. The next direction for the shares likely depends on the company's ability to pick up user growth and boost revenue per active user.