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Is Duolingo Stock a Buy?

TheMotleyFool

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Duolingo (NASDAQ: DUOL), an education company which provides online classes in 40 languages, had its initial public offering on July 28 at $102 per share. The stock opened at $141.40 and now trades in the $120s.

Bulls were impressed by Duolingo's robust growth in users and revenue, but bears balked at its decelerating growth, lack of profits, and frothy valuations. The bears have also expressed concerns about the app's recent ban in China, early sales of vested shares, and a post-pandemic slowdown.

Should investors chase Duolingo's post-IPO rally? Or should they wait to see a few more earnings reports before making a decision?

Source Fool.com

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