Duolingo Inc. (DUOL) shares experienced a significant surge on Wednesday, November 26, 2025, with the stock trading up by approximately 8-9%. This upward momentum is largely attributed to the company's impressive third-quarter financial results, which were announced earlier in the month. The company reported earnings per share of $5.95, dramatically surpassing analyst expectations of $0.72, along with revenue of $271.71 million which also beat forecasts. Duolingo's revenue grew 41.1% year-over-year, and the company raised its full-year 2025 revenue guidance. Following the strong performance, analysts have reiterated positive outlooks. For instance, both Needham and Citi maintained 'Buy' ratings, with Citi suggesting a recent stock sell-off represented a buying opportunity, despite lowering their price targets.