2023-10-04 05:20:00 ET
Finding a beaten-down stock that is still underpinned by strong fundamentals is a great feeling, because it often represents a clear buying opportunity. But with the Nasdaq Composite up 27% this year, many quality technology stocks have surged, which can make investors feel like they've missed the boat.
It seems counterintuitive to buy a stock after it has already doubled in a short period of time, but I'll explain why Duolingo (NASDAQ: DUOL) is worthy of a spot in your portfolio even after a 135% gain in 2023.
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1 Unstoppable Stock Up 135% in 2023 to Buy Right Now