Duolingo (DUOL) Stock

Lately, users of Zacks.com have been very interested in Duolingo (DUOL). This interest prompts a closer look at what the stock might offer.

In 2024, Duolingo's stock price performed exceptionally well while other education technology companies, such as Udemy and Coursera, struggled. It increased by more than 43% after releasing impressive financial results for the year.

This is a comparison of how Duolingo, Inc. (DUOL) and AppLovin (APP) have done in relation to their industry this year.

Duolingo, a language-learning company, set the price for its initial public offering (IPO) in 2021 at $102 per share. Since then, its value has increased three times.

These creative companies are utilizing artificial intelligence to enhance their profit growth.

Duolingo (DUOL) has recently caught the attention of Zacks.com users, making it one of the most closely monitored stocks. Therefore, it's important to look into what the future holds for this stock.

This year, the stock market has performed exceptionally well. The S&P 500 has increased by 27%, which is nearly three times its average yearly growth since the index started in 1957.

Duolingo's use of AI and a fun, free-to-use model is leading to significant growth, with daily active users increasing by 54% and paid subscribers rising by 47% compared to last year. The company is growing effectively, showing better profit margins and lower costs for gaining new customers, which gives it an edge over competitors. With strong cash flow, low debt, and plenty of cash reserves, Duolingo is well-positioned to support its growth plans and face competition.

This is a comparison of how Duolingo, Inc. (DUOL) and AppLovin (APP) have done in relation to their industry up to this point in the year.