Duolingo Earnings Preview: Downgrading To 'Hold' As Risk From OpenAI Is Unknown
DUOLDuolingo(DUOL) Seeking Alpha·2024-08-05 07:18
stockcam Introduction & Investment Thesis Duolingo (NASDAQ:NASDAQ:DUOL) is a language learning app that expanded its offerings to Maths and Music in FY23. The company has been underperforming the S&P 500 and Nasdaq 100 YTD. I had last covered the stock on May 10 after its Q1 FY24 earnings report, where I held my “buy” rating as I believed that the stock offered an attractive entry point after it beat estimates for revenue and earnings growth. Unfortunately, since then, the stock has declined over 12%, u ...