Duolingo Rises 3% on Oil-Led Market Rally

Overview

• Shares closed at $101.43, up 3.1% after an early-session pop.
• A 4% slide in U.S. crude to $94.75 eased Strait of Hormuz supply worries and helped lift the S&P 500 about 1.2%.
• The stock is still down roughly 42.5% year to date and about 81% below its May 2025 high of $540.68.
• A widely circulated bull thesis cites a ~10% free cash flow yield, over $1 billion in net cash, and about $360 million in annual FCF at roughly 3x forward revenue, arguing AI threats are overstated.
• Duolingo has a $400 million 2026 share repurchase authorized and is investing in chess, music, and math learning offerings to diversify beyond core language study.