2024-06-10 11:07:25 ET
Summary
- Duolingo reported impressive Q1 2024 financial results, with a 54% increase in daily active users compared to the previous year.
- The company is focused on expanding its Duolingo Max subscription tier and introducing new features to its Family Plan such as Quests.
- Duolingo sees a significant opportunity to expand into the English language learning market, which represents less than half of its daily active users.
When I first reviewed Duolingo ( DUOL ) a few months ago, I gave the company a "Hold" rating. I was a fan of the founder-led business, but the valuation seemed stretched to me. Since that time, Duolingo is down roughly 10% while the S&P 500 has gone up over 13%....
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Duolingo Stock Is A Buy After Stellar Q1