13 Best Enterprise Software Stocks to Buy According to Analysts

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3. Duolingo Inc. (NASDAQ:DUOL)

Number of Hedge Fund Holders: 55

Average Upside Potential as of September 18: 58.80%

Duolingo Inc. (NASDAQ:DUOL) is one of the best enterprise software stocks to buy according to analysts. On September 17, Citi analyst Ygal Arounian lowered the firm’s price target on Duolingo to $375 from $400, while keeping a Buy rating on the shares after attending Duocon 2025. Citi believes that Duolingo’s product announcements this year had a lower profile relative to the past. However, the company continues to improve its platform, which should help drive engagement.

At this annual Duocon event, which was held recently on September 17, Duolingo showcased advancements that show its expanding potential beyond its core language learning platform. For instance, the Duolingo Chess course was launched in June 2025 on iOS and has gained remarkable traction and surpassed the usage of both Math and Music in less than a month for users with access.

The Chess course now reports millions of daily learners, is expanding to the full Android platform, and will be available in 6 additional languages. For Q2 2025, Duolingo reported that its sales increased to $252 million and net income reached ~$45 million.

Duolingo Inc. (NASDAQ:DUOL) operates as a mobile learning platform in the US, the UK, and internationally. The company offers courses in 40 different languages.

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