Name of opportunity: 👀
Duolingo, Inc
Price decrease 📉
Duolingo is down by 16.95% in the past day, and has dipped by 18.95% in the past week. This might be because the company recently missed expectations after releasing its fourth quarter results. This might have resulted in investor caution, impacting the stock value. The stock has now dropped to a similar price to what it was in January.
However, Duolingo is currently performing well, with strong revenue and cash flow, indicating good financial health overall. The average analyst recommendation for this stock currently is a ‘buy’, despite some analysts downgrading their ratings.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Duolingo might increase from $312.07 to $318.14 in the next 12 months. If you invested $1000, you might profit $19.46.
Duolingo earned 28 cents a share on $209.6 million in sales for Q4, but this missed analysts' expectations significantly. Analysts expected earnings of 48 cents per share, which might be one of the reasons why the stock has seen a dip over the past week. However, Duolingo expects its Q1 revenue to increase by 32.5% year over year, and did beat estimates on subscribers and total users. Meaning despite missing some estimates, the company did surpass expectations in other areas.
The stock recently experienced a boom which may have been influenced by the company’s social media stunt in which it announced the ‘death’ of its popular mascot, Duo (who has since been brought back to life again). The stunt may have contributed to a temporary boost in interest in the company.
Another reason that might have contributed to the stock’s plummet might be because analyst Curtis Nagle recently downgraded the stock’s rating from a ‘buy’ to neutral. This can cause investor caution, which might have impacted the company’s stock price.
Popular language learning platform 💬
Duolingo is an American educational technology company that is headquartered in Pittsburgh, Pennsylvania, United States. The company makes learning apps with the aim of teaching its users different languages.
Which neme?: 🔍
‘Biggest Losers Today’, ‘Stocks On The Move’
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