Duolingo is a leading educational technology company that focuses on language learning through its engaging mobile and web applications
The platform utilizes gamification to make the process of acquiring new languages enjoyable and effective, offering a diverse range of courses in various languages. Users can practice speaking, writing, and listening skills through interactive lessons and exercises, while the app's adaptive algorithms personalize the learning experience to fit individual progress and goals. Additionally, Duolingo has expanded its offerings to include features such as language proficiency tests and social learning, fostering a vibrant community of learners around the world.
TikTok received an extension, but Duolingo has seen 214% YoY growth of Mandarin learners in the U.S. with or without the ban, which could drive earnings higher.
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Like all other companies, Duolingo is also embracing AI in its platform. Last quarter, it introduced Video Call, an AI-based solution that is targeted at improving the language learning experience for its users.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Duolingo (NASDAQDUOL) and the rest of the consumer subscription stocks fared in Q3.
Duolingo has been on fire lately. In the past six months alone, the company’s stock price has rocketed 65.2%, reaching $350 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Shares of language-learning app Duolingo (NASDAQDUOL)
fell 9.9% in the morning session after Bank of America analyst Curtis Nagle downgraded the stock's rating from Buy to Neutral. The analyst cited "less upside potential as shares are now trading at peak valuation."
