Duolingo has seen significant growth in its shares:
- Shares rose by 8.9%: Biggest one-day increase since February after posting strong quarterly results.
- Growth in daily users: The number of daily active users rose 59% year-over-year to 34.1 million.
-Increased Revenue Forecast: $DUOL raised its full-year revenue forecast to $731.3 million to $738.3 million.
- Seaport Research analyst: Revised stock price target to $220, reaffirms company's market leadership.
- Stock valuation: Thursday's upside boosted the stock to $175.75, despite an earlier downgrade in 2024.
https://youtu.be/9KqrnBiyBQ8?feature=shared Duolingo: How the Free App Rakes in $500M Each Year | WSJ The Economics Of
It's a fine company and I regret not buying sooner. If the price dropped significantly, I would have repurchased.
I didn't expect it at first, but with the whole economy gradually moving to a subscription mode, their business has grown quite a bit. Mostly I'm surprised that people want to learn, which is good :) The stock is up a lot though.