Duolingo (DUOL) Stock

The possibility of a TikTok ban has led to a rise in the stock prices of other social media companies, as they are expected to attract users who might leave TikTok. Despite the uncertainty surrounding TikTok, which has received a 75-day extension from President Donald Trump, some tech companies are already seeing positive effects, whether or not the ban happens.

Lately, users of Zacks.com have been focusing on Duolingo (DUOL). Therefore, it's important to take a look at what the stock might offer.

Duolingo's stock has been performing well, providing investors with returns that surpass the market for two years in a row.

Duolingo's stock rose on Thursday after a significant increase in users wanting to learn Mandarin, which coincided with a rise in the use of the Chinese social media app Rednote, a competitor to TikTok. The company informed CNBC that there has been a 216% rise in Mandarin learners on their app compared to the same time last year.

PITTSBURGH, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Duolingo (NASDAQ: DUOL), the top mobile learning platform globally, has announced that its Video Call feature is now available on Android devices. This advanced AI conversation partner for language learning can now support five more languages.

Duolingo, Inc. (DUOL) finished the most recent trading session at $316.38, which is a decrease of 0.72% compared to the previous day.

2024 was another successful year for growth stocks. However, with so many of them doing well, it can be challenging to decide which ones to add to your buy list as we enter the new year.

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.