Duolingo: Rating Upgrade As Accelerated Innovation Will Produce Outsized Revenue And Margin Growth
Duolingo(DUOL) Seeking Alpha·2024-04-02 02:01
stockcam Introduction & Investment Thesis I initiated a “Sell” rating on Duolingo (NASDAQ:DUOL) on January 30th. My “sell” thesis was predicated on my belief that the stock was fully priced for future growth prospects. While the stock price initially declined approximately 10% after my “sell” thesis, it found support at the $170 price level, and since then, it is up close to 18%. One of the main reasons behind the stock’s outperformance has been the company’s Q4 earnings report, which was released by th ...