Why Is Duolingo Stock Surging Tuesday?

Duolingo, Inc. (NASDAQ: DUOL) shares surged 6.5% to $100.25 on Tuesday, following a decline in short interest from 8.60 million to 7.63 million shares. The company is expected to report earnings on April 30, 2026, with estimates of $1.35 EPS and $288.59 million in revenue, reflecting year-over-year growth. Despite being down 67.77% over the past year, analysts are optimistic about Duolingo's ~$4B valuation, with a Hold rating and an average price target of $222.15.