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The filed complaint alleges that Duolingo, Inc. made materially false and/or misleading statements and/or failed to disclose that: On July 28, 2025, JMP Securities lowered its price target on Duolingo stock to $450 from $475, citing concerns about slowing user engagement ahead of the Company's second-quarter earnings report. Specifically, third party data suggested that daily active user growth decelerated to approximately 39% year-over-year in the second quarter, a noticeable drop from about 51% in the first quarter. Following this news, Duolingo's stock price fell over 6% on the same day.
In order to be eligible to join the DUOL class action lawsuit, you must have incurred a loss on shares of Duolingo, Inc. purchased during the class period listed above.
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